Do you love your landlord?

I know that he loves your monthly rent check, after all- it pays for his investment property. Most people don’t realize that they can own a home for less than what they are paying for rent. This is even truer with interest rates still so low. When you write out your rent payment – the money is gone forever. When you make a mortgage payment – it is an investment in your future.

You can also deduct the cost of your loan interest from your federal income taxes, and usually from your state taxes. Since the interest makes up the largest part of what your payment is, you will see quite a bit of savings at tax time. As a homeowner you can also deduct the property taxes that you pay each year. Cumberland and the surrounding counties have hundreds of affordable homes that are perfect for first time home buyers.

A real estate professional can help you through the process and connect you with a lender that can tell you exactly what price home you may be qualified to purchase. This is a great time to purchase a home. Think about using your income tax return as a down payment and make that dream come true.