“THE N-SOURCER”

March 15, 2009

Why Rent: Take Advantage of Home Ownership

Why would you be a homeowner vs. a Renter? If you are currently paying $1000.00 a month for rented housing, over the next three years your Landlord will effectively have reaped $36,000.00 of your earned income. In most cases, rent will continually increase, even if you live in an area that has rent control regulations. You're paying the mortgage for the property owner, when you could be building equity in your own real estate investment.

The tax deductions available to homeowners vary, but there are rules The IRS lines out for us. Real estate taxes, mortgage interest, pre-paid interest, and interest on construction loans are all things to take into consideration as tax benefits.

There are many programs that are available to prospective home buyers. Please

before you rent please consider the available low down payment programs that may assist you to take advantage of homeownership.

Frankie Lyles

The N-Sourcer