Posted by Admin . on Tuesday, August 21st, 2012 at 4:25pm.

Regardless of the economy, owning a home is still the American Dream for many. The good news is that if you’re financially stable, then purchasing a home at any time is a solid investment. As long as you’re confident you will be able to maintain monthly mortgage payments, buying a home can bolster your credit, help you save money, give you a break on your taxes and more. Here are some of the top reasons why buying is still smart.

Gain Credit. A mortgage can boost your credit score—a boon even for those who already have superior financial health.  Make sure to check your credit before looking into a mortgage.  If you’re eligible, then taking one on and making your payments shows potential lenders you’re a good candidate for any future home loans.

Save Big. In this economy, saving can be tough.  A mortgage acts like an automatic savings plan. How? When you make regular payments you build equity.  Home equity is like money in the bank, which will help you out when it comes time to sell.  Additionally, if you’re renting, then paying off a mortgage offers a much greater return on your investment.

Tax Breaks.  You can get income tax credits for the property taxes you pay. For details, check out

The Right Interest. Right now, mortgage rates are historically low. As a result, you might be able to afford a home you would not have been able to finance a few years ago.  And, considering you can also deduct mortgage interest from your taxes, it can be a sound financial decision.

Market Price.  While it has been a buyer’s market for quite some time, as things improve, prices will rise. Now may be the best time for you to make that big purchase.

The key thing to remember is that it is only smart to buy a home if you are financially stable. You don’t want to take on a mortgage you can’t pay—even if the interest rates are shockingly low. If you monitor your credit and are on a sound financial footing, buying a home can still be a good idea.

For more information on financing a home, please contact RE/MAX of Boulder, Inc. at 303-449-7000, or 1-800-825-7000.

RE/MAX of Boulder, Inc. located on the corner of Canyon and Folsom, is nationally and locally recognized as one of the most successful real estate offices in the industry. Nationally, they are one of the "Top 500 Power Brokers in the United States" as listed in National Real Estate & Relocation magazine. Real Trends ranked them #1 in the Nation for Closed Sales Volume for 2010. Regionally, for the 5th year in a row, the company has been named the #1 RE/MAX office in America for Single Office Closed Volume. They can be reached at 303.449.7000 or visit Connect with them on Facebook and Twitter, search remaxofboulder. Subscribe to their YouTube channel and see videos of all their homes for sale at

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