TAX SAVINGS
Deduct the cost of your mortgage loan interest from your federal and state income taxes. In addition, you may deduct a portion of your property taxes.
APPRECIATION POTENTIAL
Real estate is a good long-term investment. Over the last ten years, appreciation in the Portland Metro area averaged 4.2%. Also, as you pay your mortgage loan down, your equity (wealth you have in your home) increases.
STABILITY
A fixed mortgage payment will not increase for 15 to 30 years, compared to area rents that increase from 5% to 8% in recent years.
A TINDELL & CO AGENT CAN ASSIST YOU WITH:
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- Getting pre-approved!
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- Down payment assistance programs!
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- Your transition from renting to owning!
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Finding your dream home!
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Rent VS. Buy Cost Analysis
**Data above provided by Portland Metropolitan Association of Realtors