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Buy A Home

A Home is More than Just a Home

Buying a home is one of the most important financial decisions you’ll ever make. Aside from being a place to live, it serves a crucial role in your overall financial security and provides a number of benefits:

  • Appreciation: A home is a long-term investment, and is an asset that can increase in value over time as the debt attached to them decreases. You can further increase the value of a property through various improvements.
  • Ownership: When you purchase a home you’re investing in an asset, one in which you have a stake. When your loan is paid off, you not only own it outright, but you have built equity in it
  • Equity: Equity in your home allows you to borrow against it via refinancing or home equity lines of credit. This provides you with greater financial flexibility and is a powerful tool when you are looking to achieve goals such as consolidating debt, improving your home, or covering other major life expenses.
  • Financial Security: Imagine no longer living with unexpected rent increases -- with a fixed rate mortgage, your monthly loan payments stay the same for the life of the loan. Armed with this knowledge, you’re free to adjust your other living expenses accordingly and make other decisions secure in the knowledge that one major piece of your financial puzzle will not change unexpectedly.
  • Tax Advantages: Did you know that mortgage interest and property taxes are typically tax-deductible? As opposed to rent payments, you may be able to deduct these costs of living from your taxes -- talk to your tax professional to find out more about what tax advantages you can gain from homeownership.

Steps for Purchasing Your Home

Don’t Wait -- Get Started Now!

Getting prequalified for a mortgage is easy, you only need to answer a few questions, and you don’t need to supply any documents to get started. Your contact information is all you need to supply to start the loan process and you’re under no obligation. Find out how Great Northern Mortgage can help.

Don’t know which loan is right for you? Browse our loan programs page and contact us! You can also use our mortgage calculators!