Mortgage Basics: Information for First Time Home Buyers

Taxes and Owning a Home

Owning a home is the American dream and a smart tax strategy. Almost anyone who is making a monthly rent payment can be approved for a mortgage. In many cases, the monthly amount you would pay for a mortgage is less than what you are currently paying in rent. You'll also be able to deduct the interest on your mortgage payments, which will lower your tax bill.