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New Mexico Mortgage and Loan
Specialists with your home in mind.

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Elizabeth Stevenson
Loan Specialist

Hours: 10am-6pm Mon.-Fri. MST
Phone: (877) 511-8811
Fax: (866) 897-2452

Benefits of Home Ownership
If you are currently renting and are considering buying a home, here are some of the financial benefits of owning your own home...

Equity - When you purchase a home, you are making an investment, and with every payment you make, you increase the amount of your investment or equity. In addition, your home will also appreciate over time which also increases your equity.

Flexibility - Since you own it, you can do what you want to it, including painting, and home improvement; both of which can increase your homes value.

Tax Breaks - Another advantage to home ownership is that the government allows you to write-off the mortgage interest and property taxes you pay every year from your income. This reduces your taxable income and increases your chances of receiving a tax refund.