The Benefits Of Paradise Home Ownership

The Benefits Of Paradise Home Ownership The decision to purchase a Paradise home is exciting and a major investment for your future. Because there is only so much of it to go around, real estate is the top choice for many investors and the desire for most families. This article is designed to highlight some of the many benefits of home ownership and how buying a home can often turn the American Dream into a reality. One of the most profitable markets in real estate is rentals, which means that many families are paying to live in a home that isn't their own. In some cases, renting a home is necessary. For all others, the money that would be spent on rent could instead be used to pay a mortgage. In fact, monthly rent payments often exceed that of a typical mortgage payment. One of the greatest benefits of home ownership is putting money into something that you can call your own and knowing that the monthly payments are going toward your home's equity. When you own a home, you will enjoy the freedom of decorating and making any changes that you choose without needing the permission of a landlord or property owner. In addition, you may even be able to use your home's equity to finance some needed improvements and/or repairs. In some cases, these changes may even increase the value of your home. An upgraded kitchen or bathroom, hardwood flooring or an additional room are examples of changes that could result in added value. Another advantage of home ownership is the tax benefits that are available. The interest paid on a home mortgage as well as most property taxes paid are tax deductible. For additional information on deducting mortgage interest and property tax, consult the IRS or a tax professional. In addition to providing yourself and your family with a feeling of stability and permanence, home ownership can also help strengthen your credit profile through timely mortgage payments and a steady financial history.

Technorati Tags: Home Ownership,Paradise CA,Magalia CA,Paradise Home Buyer,First Time Homebuyer,own a home,home investment

Town of Paradise First-Time Homebuyers Program for Paradise, CA

Town of Paradise First-Time Homebuyers Program for Paradise, CA

Tammy Vertrees, Paradise California Realtor®

The Town of Paradise offers a deferred, low-interest loan to eligible first-time homebuyers based on Federal 2011 Income Limits as down payment assistance to purchase a Paradise, CA home. A first-time homebuyer is someone who has not owned a home in the past three years. The loan is a “bridge” or “gap” loan meaning that the loan amount is based on the difference between what the borrower can afford and the amount of money needed to purchase the Paradise CA home. The loan is secured by a note and a deed of trust and does not require monthly payments. The loan is due when the Paradise CA home is sold; the homeowner stops using it as their principal residence; or the title is transferred out of the name of the original borrower.

The first step of the process is to select a lender from the list of approved Certified Lenders. The lender will pre-qualify you for a loan and determine the amount you can afford on a house. The second step is to select a Paradise CA realtor from the Certified Realtors list to help you select a Paradise home. The Town of Paradise offers free First Time Homebuyer Workshops through the Community Housing and Credit Counseling program.

Please contact me to see if this program will work for you!  530-413-8383

town-paradise-firsttime-homebuyers-program

Technorati Tags: Paradise CA,First Time Home Buyers,Town of Paradise,First Time Buyer Program

Town of Paradise,Paradise California,Homebuyers Program,Tammy Vertrees,California Realtor,Paradise Realtor,Federal Income Limits,homebuyer assistance,homeowner assistance,Lenders,Realtors,Homebuyer,homebuyer Workshops,Technorati

ABOUT THE TOWN OF PARADISE

The Town of Paradise, incorporated in 1979, is a beautiful community with a population of nearly 27,000 and another 20,000 people living in the adjacent unincorporated area of Magalia. It is located 97 miles North of Sacramento and 12 miles Northeast of Chico and situated in the Western foothills of the Sierra Nevada Mountains. The community forms a sanctuary for wild game since there is no hunting allowed within the perimeter. Paradise offers its residents a rare combination of advantages. With its great natural beauty and charm, it offers excellent home sites, a wide choice of recreational pursuits, cultural activities and facilities for shopping and personal services. Recreational pursuits are plentiful as this beautiful countryside offers activities for the hiker, fisherman, hunter, horseman and golfer. Lake Oroville is within ten minutes of Paradise for water sports, house boating and fishing. Paradise offers a delightful climate which is superior to that of much of the rest of Northern California. We boast four distinct seasons. Our foothill location and prevailing wind direction eliminate smog conditions completely. Its 18 square miles and has an altitude of 1200 to 2400 feet. This altitude keeps it cooler in the Summer and with less Winter fog than is found on the valley floor below. Our Winters offer an occasional light and beautiful snowfall which enhances Paradise's natural beauty. Paradise has a progressive and excellent school system. We are in close proximity to California State University Chico and Butte Community College. Stop by and say "hi" on your next visit! Paradise California

Related articles

• Town of Paradise First-Time Homebuyers Program for Paradise, CA (paradisecarealty.blogspot.com)