What are the benefits of homeownership?
The benefits of homeownership are both emotional and monetary. By owning your own home, you’ll not only have the freedom to dictate the style and overall feel, but you’ll enjoy the savings that can come when you deduct your property taxes and mortgage loan interest on your federal (and in most cases, state) income taxes.* You’ll also build equity with each mortgage payment you make, which you can use to borrow against (in the form of a home equity loan or line of credit) or convert to cash when you sell.
