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The decision on whether to rent or buy a home is one that eventually confronts almost every family. If this is your case, here are a few thoughts to consider.
First, an equity (cash value) is built up as you pay for the home over tfie years. And, its resale value can increase greatly (as has been the case in recent times) with rising real estate prices.
Also, property taxes and mortgage interest can be deducted from income taxes. This can be a sizable tax deduction, especially during the early years of the mortgage when about 90 per cent of the monthly payment represents interest on the
90.1%