Are you a Millennial not sure about taking the step into home ownership? Or just not sure if dept from a home purchase is worth it?

Purchasing Your First Home

One of the best things of home ownership is the tax breaks!!

These include the interest from your mortgage on your primary (as well as a second mortgage). Discount points paid at the purchase of the home & local real estate taxes.

If you have lived in your home for 2 of the 5 years leading up to the sale, keep in mind when you sell your home you are allowed to take up to $500,000 if married and $250,000 if single tax free when looking to re-invest in real estate. Our system is made to encourage you to invest and re-invest. If you have only lived in it one year you can partially qualify.

Check out the benefits of the tax breaks you can have of..

Purchasing Your First Home

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.