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.

Written by Admin on March 28, 2022. Posted in Content Hub, First Time Home Buyers, For Buyers, Housing Market Updates, Rent vs. Buy
Tags: gatlinburg real estate, Pigeon Forge, Prime Mountain Properties, Real Estate, smoky mountain real estate, Terrell-Drager Team, The Terrell-Drager Team

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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

As a first-time homebuyer, I had little experience or knowledge in regards to realty. The staff was extremely helpful, and Emili Spangler in particular. She was very helpful and patient, especially given my inexperience. She often went above and beyond what was required, and was always proactive in making sure we stayed on track. A real pleasure to work with and the reason I’m now so happy to be able to say I’m finally a homeowner. My thanks to Emili and the rest of the staff!

Jon Boudreau

Courteous, professional, prompt! If you want to get the job done by the best, call the Terrell Team. I had multiple offers on Day1, and some were over the asking price! Luisa, my agent, helped me sort through the offers with knowledge and Patience! This is our second time to use the Terrell Team and would highly recommend them over all the other agencies in the area! We do not live in the state, so it makes the job even more challenging for the agent! But, she got it closed in a timely manner! M…

alana johnson

Phenomenal experience! I used Emili Spangler as my realtor. She was wonderful. Quickly to respond to calls, texts, and emails. So easy to get along with. Very flexible and dynamic. She molded perfectly and adapted to what I was looking for in my home search. I really liked how knowledgeable she was and how she used her resources to further her knowledge through the closing process to make it as convenient as possible. I work 12hr shifts as a nurse, and Emili did a fantastic job working around my…

Callie Deanda

A Key To Building Wealth Is Homeownership

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