Like most people, you’re probably thinking that a home is the largest purchase you will ever make in a lifetime, and surely, it can be very daunting. But it doesn't have to be. On this Web site, you’ll find resources from the Guam Association of REALTORS ® that will help you with your home buying process.
Homeowners Get Many Tax Benefits
As a homeowner, you are entitled to several tax advantages. Some of the possible deductions include mortgage interest, mortgage insurance premiums and property taxes.
However, before making a decision, it is wise to look into how much you can afford to spend to buy a home and monitor your credit history to avoid any unexpected surprises.
For more information, contact a Guam REALTOR® today.
The federal tax code contains other advantages for homeowners as well. Mortgage interest, mortgage insurance premiums and property taxes may all be deductible on your income tax return, subject to certain restrictions and limitations in the tax code.
Before you make a decision, it’s a good idea to research how much you can afford to spend to buy a home and check your credit to avoid any "surprises."