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A Key To Building Wealth Is Homeownership

The link between financial security and homeownership is especially important today as inflation rises. For homeowners, a monthly mortgage payment can act as a forced savings. As you pay down your principal, you build equity, which helps to increase your net worth. You can have a fixed, stable housing payment instead of fluctuating rent payments. While there’s no guarantee that the home you buy will appreciate, there’s a pretty good chance.   Did you know that a homeowner can deduct the mortgage interest on a mortgage loan of up to $750,000? They can also deduct property taxes of up to $10,000 every year.  These are just a few of the many reasons being a homeowner helps you build wealth. Talk with  the Terrell-Drager Team with Prime Mountain Properties to learn how to begin the journey of homeownership.
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Emili Spangler
We recently worked with Emily Spangler to help us purchase our dream property in Wears Valley! She was so helpful, extremely thorough, and did a fantastic job helping us the whole way. We live across the state and every detail went so smoothly thanks to her! She really went above and beyond! She’s so easy to work with and she communicated so well with us throughout the entire process, which was greatly appreciated!! She’s awesome!!
Gina Johnson

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Our agents write often to give you the latest insights on owning a home or property in the Smoky Mountain area.