All agents are NOT alike! Find out why I am a top real estate expert. Call me: 530-271-3815.
Request My Free Relocation Package! Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate! Find Out More > View All Offers >
Thank you Again! We appreciate all of your amaziing "due diligency" Jill and Glen Kaplan Read Quote > View All Quotes >
Compare three mortgages
at one time. Download TripleCalc now. It's free.
These properties presented by Kathy Papola of Network Real Estate - Voted The Best Of The Best Real Estate Agent for 2009 by Readers of The Union Newspaper.
"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation
An important part of buying a house is sitting down with your real estate agent or a mortgage lender to get a clear idea of how much you can afford. They will add up all of your monthly expenses, the mortgage payment, insurance, real estate taxes, homeowners or condo association fees--and the grand total can throw you into shock!
The important thing to remember is that the grand total isn't really the bottom line. When you add your tax savings to the equation, you may be pleasantly surprised. During the early years of your loan, almost all of the mortgage can be deducted from your state and federal income tax. The same is true of your real estate taxes. If you use part of your house as a home office, you may be able to qualify for additional tax savings. In some areas, homes with ground floor apartments are popular for offsetting part of the mortgage and offering even more tax savings.
When you make calculations about the monthly costs that include the tax savings, you may find that owning your own home is less expensive than renting a house or apartment of comparable size.
- NUMBER1EXPERT 
