Tax Savings When Buying A Home

“What are the tax savings when buying a home?”

This is a question that we are asked quite frequently by first-time homebuyers and it is a good question.  To obtain a closer answer for your particular analysis, you’ll need to know what your actual tax bracket is. Check with your Tax Advisor to find out what your tax bracket is and then you can use calculators to help you learn what your tax savings will be when buying a home.

This example shows a home buyer in a 28% Tax Bracket wanting to buy a new home valued at $175,000.  They invested 3.5% into their new home purchase and plan on living in this new home for approx. 7 years.  This is what their tax savings looks like:

Click Here to Access Calculators

Click Here to Access Calculators

Owning your own home allows you to fix your housing expense for years to come, saves you money with your taxes as well as giving you the opportunity to earn appreciation as your new home value increases.

When you are ready to learn more about your particular situation, contact your local Mortgage Loan Officer. If you live in Arizona or California, please give Karen Jones a call, as she is a Licensed Mortgage Loan Officer in these states. Karen Jones can be reached at 480-339-1577 or KJones@AmeriFirst.us.

Check out our new program:  Protect Your Transaction and learn how you can buy your new home with confidence!

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AmeriFirst Financial, Inc., 1550 E. McKellips Road, Suite 117, Mesa, AZ 85203 (NMLS # 145368). 1­877­276­1974. Copyright 2017. All Rights Reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. AZ: Arizona Mortgage Banker License No. BK0013635; CA: Licensed by The Department of Business Oversight under the California Residential Mortgage Lending Act; CO: Regulated by the Division of Real Estate; WA: Washington Consumer Loan Company License No. CL­145368. AmeriFirst Financial, Inc. is an independent mortgage lender and is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). Karen Jones is a licensed loan originator at AmeriFirst Financial.,Inc. Karen Jones complies with all regulations and rules of all government agencies and regulators including the Real Estate Settlement and Procedures Act. The services provided by Karen Jones are not a condition, nor do they create any obligation for any form of remuneration for any real estate settlement service related to any referral.

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