Mortgages

First time buyer

Home ownership provides significant advantages: it's a solid investment, it can be used as a possible tax deduction, it's a place of your own and much more. Owning a home provides financial benefits you'll appreciate for years to come.

Read about the benefits that home ownership provides:

• Invest in yourself    
• Lower your cost of living    
• Reduce your tax burden    
• Provide a source of credit    
• Consolidate your debts

Use our First Time Home Buyer Calculators & Tools to evaluate your home purchase options.

Invest in yourself
Because real estate historically increases in value, owning a home is a solid investment. Every mortgage payment you make is like a deposit in your own growing net worth. 

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Lower your cost of living
You may be able to find an apartment you like with affordable rent, but every year inflation can drive up the price. At just 4 percent annual inflation, $700 in rent will increase $1,036 in 10 years, and $2,270 in 30 years. Although the cost of owning a home can increase with time, your monthly payments -- particularly with a fixed-rate mortgage -- are not subject to inflation. 

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Reduce your tax burden
Most homeowners are entitled to tax deductions. Generally, the interest on mortgage debt can be deducted every year. In many states, property taxes and loan points can be deducted in the year they are paid. 

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Provide a source of credit
Over time, the equity in your home (the difference between its market value and the mortgage balance) is a powerful asset you can use for a new car, education, remodeling - - whatever you need. A Home Equity Line of Credit allows you to put the equity in your home to work for you.

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Consolidate your debts 
When you own a home, you have the potential to lower your monthly payments by refinancing your mortgage. The money you save can be used to pay down other debt. 

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Pre-qualify with H&R Block Mortgage or contact one of our loan specialists at (877) HRBLOCK.