Friday, May 7, 2010

Anita Benabou Rozenblat’s Topic of the day-What are the benefits of becoming a homeowner?

Being a homeowner means… Living in a house that suits your needs and lifestyle. Whether you want to have a playroom for your children or a bedroom for your guests, you are free to use the space you own as you wish. Taking advantage of all the benefits of a long-term investment. Finally no more rents that go into someone else’s pockets! Your monthly mortgage payments will be used to build sizeable capital that you will recover once your house is fully paid. How good is that!Making fixed payments which, depending on the type of mortgage you choose, protect you against possible interest rate increases. This is quite different from the unforeseeable rent fluctuations tenants must deal with… Benefiting from more privacy and a new freedom. Since you are the one to run the show, decisions regarding renovation, decoration and maintenance are yours. Moreover, nobody will enter your home or force you to leave for an inspection or maintenance purposes.
It'll be your home, your palace!

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