Interest deduction

October 28, 2011 at 2:56 am Leave a comment

One of the many benefits of home ownership is the ability to deduct your interest. Homeowners have been hit hard with the decline in real estate values. Unfortunately, many home owners were counting on their home equity to support them in the retirement year. With values drastically reduced. the interest deductions is one of the reason more people have not “walked” their home.

In addition to being a real estate broker for over 35 years, I am also a Certified Financial Planner. I review with home buyers and sellers why they are buying or selling and analyze with them, the benefits of home ownership from both a family and goal perspective as well as their long-term financial goals.

Know why you are buying or selling and look at the consequences of each move. Home ownership is still,in my opinion, one of the major benefits for the individual and creates stability in our community and national economy.

Nick J Petra

Realtor Emeritus

Licensed Arizona Real Estate Broker

Certified Financial Planner

petra@azreallink.com

602-989-1592