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By Margie Harper
Buying a first home can be an intimidating process. The first step is making the decision to buy. If you are still struggling here is a list of several benefits to consider: tax breaks; appreciation; equity; savings; predictability; freedom; and stability.
Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home. These tax savings partially reduce, or offset somewhat, the actual cost of owning your home.
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