BENEFITS OF OWNING A HOME

I believe that many already know of some of the major benefits to owning a home but here are a few that you may have not thought of or considered. TAX BENEFITS: One of the greatest breaks that you’ll get on paying taxes will come from owning a home and they got a little better not too long ago. For most of us (about 70%), we will need to get a mortgage when we buy a house.  Well, there’s good news!  A married couple filing jointly or an individual may write off their mortgage interest on loans up to $700,000.  If a married couple is filing separate, the limit is $375,000.  You can also deduct any points that you purchase to pay down the rate. So get your Houses For Sale Stephenville.

An individual or married couple filing jointly will also be able to deduct up to $10,000 of their property taxes each year.  For a married couple filing separate, the limit is $5,000.  Where I live and sell real estate in lower Alabama, property taxes are some of the lowest in the country but it is nice to know that you can even deduct that amount on your taxes. If you really want to be benefit, Houses For Sale Stephenville is the only option. You can call us at (254) 965-7775. You can visit our website at www.preferredpropertiestx.com to know about our other services in other areas of Texas.

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