a Division of American Pacific Mortgage Corporation NMLS 1850
Meet Our Experts

You may have heard the phrase that purchasing a home is a wise investment. We believe that is the case and so do the majority of people in the U.S.

That is according to a recent survey conducted by the Federal Reserve Bank of New York. Specifically, the study found that 65 percent of Americans believe a home is a good investment, and we couldn’t agree more!

Here are three reasons why purchasing a home in Fort Collins is a good investment.

  1. Pay Down Your Own Mortgage

When you rent, you are basically paying for someone else’s mortgage. The owner of that building is letting you live there, you are making their payment and they are making money off your payment as well. If you own your home, you are paying down your own loan every month. This means that when the time comes to sell the home, or refinance, you will have equity built up so that your home is paying you.

  1. Save on Taxes

When you own a home and are paying down a home loan, the interest on the loan is deductible.

  1. Payment v. Inflation

When you rent, you always run the risk of your monthly payment going up due to inflation. However, if you have a mortgage and it is a fixed-rate mortgage say over 30 years, your monthly payment will stay the same for those 30 years. Property owners will sometimes raise rent rates on their tenants based on improvements made to the property that weren’t decided on by the tenants themselves. Therefore, how much is paid on a monthly basis is pretty much out of the control of the tenants. However, if you own your home, you have more control to set your payments, and also can expect to pay the same amount over a long period of time.

These are just a few of the reasons why purchasing real estate is a good financial decision. If you have any questions about buying a home in the Fort Collins area, don’t hesitate to contact one of our home loan consultants today!

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