In most of the cases, you need 100% cash to buy the stocks, and you have no idea where the fate is going to lead you.  Do you need the same 100% to buy a home?  Certainly net and yet it's considered one of the biggest investments of your life.

 

Just ask yourself the prime reason to buy a home.  We try to make it easy for you by few suggestions. 

 

1.  Be a proud owner of a permanent residence.

 

2.  Save the income tax - Mortgage interest and property taxes may reduce your taxable income.  Should you decide to sell it, your profit may be a tax-free gain under the federal tax rules.

 

3.  Equity builder - It is the single largest asset that you may hold.  Every single penny paid towards the principal is building up the equity - while there is no assurance that real estate prices will rise all the time.

 

4.  More borrowing power - You have opportunities to borrow more money against your built-up equity.  Whether  you call it home equity loan or line of credit - it's backed by the equity in your home. 

 

Your tax adviser will be very happy to advise you regarding the deductibility of interest from your taxable income.