Why should I buy, instead of rent?

 A home is an investment.

When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you’ll enjoy having something that’s all yours – a home where your own personal style will tell the world who you are.

What is a FTHB?

A FTHB is a First Time Home Buyer,

(AKA 1st-Time-Home-Buyer, 1stTHB, 1stHB, & 1HB)

The funny thing is, when your lender applies on your behalf to receive Grant or Bond money, there are a few loopholes around actually being a literal first time home buyer.

FTHB LOOPHOLE #1:

Single Moms and / or Dads with Kids, you are in luck!

If you don’t currently have your name on a title to a property; and you are a parent, you are considered a First  (1st) Time Home Buyer.

FTHB LOOPHOLE  #2:

It’s been 2 years since your name was on a title.

Sold a property and rented or lived without owning for 2 years?

Maybe you split up with your partner, sold the house, and have been renting for 2 years.

If it has been 2 years since you owned and/or had your name on a title; you are also considered a First Time Home Buyer!

 

Would you like to ask questions from a 1stTHB advocate?

You can!

Just fill out the form below.

 

Questions & Answers

Please feel free to ask questions here. We’ll do our best to answer within 24 hours during business days and also on weekends if we can find the time!

Your questions and feedback are very important to us!

We’ll add the questions and answers to our FAQ page and with your help; it will be a fantastic resource for first time home buyers!

Reach out to us for assistance, coaching & help being pointed in the right direction. We look forward to your questions.