Everyone will tell you that there are financial benefits to owning a home but it’s important not to forget other positive reasons that have nothing to do with money.
1 – Security
If you’ve been a renter before, you know that your ‘rights’ are limited and many times the possibility of moving rests on the whim of your landlord. When you buy a home
– it puts you in control. As long as you make your payments, you are the master of your castle and that security can help you sleep better at night.
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Few can truly describe the moment in which you are financially free. Free from debt. Free from living paycheck to paycheck. Free from financial worry. Building a comfortable savings and eliminating debt is possible at any age with smart planning.
According to Forbes.com, it’s easy for people to answer questions like “Do you want to pay off debt?” or “Do you want to save money?” however, deciding whether to pay off your home mortgage
becomes more complex. Often this stems from a commonly held belief that paying off your mortgage is impossible or strategically foolish. Let us point out that it is very possible to pay off your mortgage (and not just in a distant 30 years), and when over 75% of those on the Forbes 400 list advocate paying off your home as quickly as possible, it’s viable to look at the reasons why.
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