Your First Home: A Dream Come True Buying a first home is the quintessential American dream. A home of your own is far more than just a place to live; it is a place to call your own, come together with friends, run a business, achieve individuality and become one with the community around you. Your home is a reflection of who you are and what you want your life to be. Fulfilling this dream is easier than you might think. Rent vs. Own For many of us, from saving for the down payment to packing up and moving, buying a home is one of the biggest purchases of our lives. Selecting a Latitude Townhome for your first purchase is one of the wisest choices you can make. Among the many reasons to quit paying rent and buy your own home: Appreciation - You may build equity if your home goes up in value. Although no one can predict the future, history is on the side of home ownership here. When home values go up, you many build equity in your property. Improvements - Unlike in many rental units, when you buy your own home, you have the freedom to decorate and improve your home to suit your tastes. Monthly Cost - In some cases, the cost of owning your own home actually may be cheaper than renting. Low Down Payment - First time homebuyers, and many others renting, may be entitled to a low minimum down payment of 3 - 5%! You may even be eligible for a zero down payment mortgage. Tax Benefits - One of the most desirable financial benefits of home ownership is the tax benefit. In most cases, mortgage interest and property tax are tax-deductible, making monthly mortgage payments even more affordable. Renderings, floorplans and related information are presented for illustration purposes only, and are not part of a legal contract. To improve our homes, changes may be made without notice. See your latitude representative for complete details.