When you own a home, your monthly mortgage payments help build equity over time, unlike renting where payments don’t contribute to ownership. This equity can increase your wealth as your home’s value appreciates.

 

Owning a home also provides long-term stability. You won’t face the uncertainty of rent increases or the possibility of being forced to move by a landlord. It offers a sense of permanence for you and your family.

​

​As a homeowner you may qualify for tax deductions on your mortgage interest and property taxes, helping to reduce your overall tax burden.