If you own a home, you can receive tax breaks beyond the standard deduction available to renters, since your interest, property taxes and mortgage insurance are tax deductible. Some of your closing costs are deductible as well. You can choose a fixed-rate mortgage, which sets your monthly principal and interest payment at the same amount for the life of the loan. You also build equity in your home as you pay down the principal and your home value increases. Home equity is the primary source of wealth for many Americans
Rent or BuyWellington’s mission is to provide each client with unmatched quality service. In every community whiter if you are buying or selling a home, Wellington is dedicated to understanding the individual markets we serve. Whether you are looking to live in Middlesex, Somerset or any other county in New Jersey, our Realtors, as well as our staff, look forward to assisting you.
Whether or not you’re a first time home buyer, we think you’ll find the following tips helpful in finding the home that you want. Remember, buying a home is likely the biggest purchase you will ever make. Take your time, be careful and do your research.