4. Owning your home means you
can do anything you want with
the property, like paint your kid’s
room orange, replace the carpet
with wood or completely remodel
the kitchen.
6. 100
Appreciation is based on your
home’s total value, so it can
outpace the gains you might
see from investing your down
payment cash elsewhere, like
in the stock market.
8. $
Homeowners can deduct mortgage
interest and property taxes on their
tax returns each year. This significant
savings can often make the cost of
owning equal to (or less than) renting.
10. When renting, you may be subject
to annual rent increases with each
new lease signing. But if you get
a fixed-rate mortgage on a home,
your mortgage payment can
never change.
12. Paying your mortgage every
month is like a forced savings
account – you’re investing in
your home, and its value
increases over time – while a
renter’s monthly payment
goes directly to a landlord.
13. Want to learn more?
Check out zillow.com/mortgage-learning/