First Time Home Buyers
Top 5 Reasons First Time Buyers Benefit In Owning A New JDB Home
1. Tax savings! If you're renting, your rent payment goes toward something that will last you a month -- a place to live for 30 or so days. When you buy a new JDB home your monthly mortgage payment goes toward something you own. Not to mention you will be able to deduct mortgage interest, property taxes and points on your loan on your income tax return. These deductions are significant, especially in the early years of your loan when you are paying off so much interest. It's a win-win - you get a new JDB home and put money back in your pocket.
2. Tax incentives! Purchase and close on a new JDB home by June 30, 2010 and you may be eligible to receive up to $8,000 from the government. Visit www.federalhousingtaxcredit.com for full details.
3. Gaining equity. In the beginning, most of your payment goes toward interest, but gradually more will go toward paying off your principal, meaning you build up equity -- or savings -- in your home. Another factor in equity is appreciation. As home values go up in your area, so too does your rate of equity.
4. A place to make your own. When you rent you're usually limited in the changes you can make to the home or apartment, but when you build a new JDB home you get to customize your plan from top to bottom, inside and out!
5. A new home for the holidays. The holiday seasons, especially Thanksgiving and Christmas, are great times to celebrate in your new JDB home with family and friends.
Prices have never been lower, so take advantage of the market and visit a JDB community today!
