Although we have seen a dramatic drop in home prices, there is current data to support that home sales may be on the increase in the next quarter and that the "bottom" on prices is here, Now. Over time, as sales increase and the number of homes on the market start to decrease, the value of the homes have historically gone up. Your wealth increases each time you make a monthly mortgage payment. Of course, the interest (Consult your tax advisor for tax benefits on interest write offs) belongs to the institution that made the loan, but the principal portion of the payment belongs to you, and it accumulates—like a savings account—over time. Your accumulated principal plus the appreciated value of the property is commonly referred to as your home equity, or the amount you actually own. But even what you owe on a house has its advantages, such as a possible mortgage-interest deduction on your taxes! Talk to your tax specialists to learn more.
Beyond the numbers, there's no other long term investment that you can enjoying living in and has historically been of greater value and wealth creation than owning a home. Whether you're giving your children enough space to grow or you simply want a place that you can transform into your own, Pinnacle Mortgage Group in Anaheim Hills, CA can help make home-ownership a reality. It's time to get "back in the game".
Visit us at; http://www.lowratesonline.net/ for more information on current mortgage rates, lists of foreclosure properties for sale in your area and to Apply Online! It's quick, Easy, Safe and Confidential.
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