First Time Home Buyers Laurel Maryland

All buyers need to be aware of the great benefits of buying Laurel real

estate.

But first, here’s a look at the financial and tax advantages of homeownership and the

benefits of purchasing a home in a buyer’s market such as we have today:



First and foremost, you’ll buy at a discounted price. This means a home with high value

for the price can be had because existing new-construction homes and used homes must

compete with priced-to-sell foreclosures, REOs and short sales.

As a first-time buyer, you get a $7,500 tax deduction.

If you itemize your tax deductions, three more deductions apply …

1. Any points you pay to bring down your mortgage interest rate.

2. Mortgage interest for the year including interest prorated for the month you close.

3. Annual real estate taxes including any portion you may pay at closing.

Most important, you get a wealth-building investment that begins growing with your

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