Alaska House Hunting
Jack White Real Estate

Why Buy?

Save Money on Interest & Taxes

Buying a home can save you money!

First, you will be saving on taxes because the interest on your mortgage is tax deductible. Whereas, If you are renting, your landlord benefits from this.

Second, you will be saving on interest payments while keeping the tax advantage.

For example if you are spending $1,000/month for rent, a portion of this payment is going towards your landlord’s property taxes and mortgage interest. Although, your landlord deduct this amount off, you, the renter, will receive no tax break. As a homeowner, you will be able to deduct your mortgage interest and property taxes. Since the interest is always highest during the beginning years of the loan, your overall deductions will be largest during this period.

Paying rent is like flushing your money down the toilet each month. You will never see the money paid for rent again. As a homeowner, you not only receive mortgage interest deductions, but also long term wealth as the value of your home increases throughout the years. Over a 10-year period, on a sales price of $150,000, you could gain over $150,000 in tax advantages and appreciation based on an 8% interest rate and 5% annual increase in home values.

On both the 15-year and 30-year mortgage, your interest write-off will be highest in the beginning years of the loan. Keep in mind, after 5 years, if you plan on refinancing or moving, you will maximize your tax deductions. Remember, if you prepay a portion of your loan to reduce the interest, you will also reduce your tax deduction. How long you plan on keeping your loan will help establish which type of loan and payment plan is best for you.


How Much House Can You Afford?

Determining how much home you can afford, or what payment you feel comfortable with, can be a trying process. Calling lenders, looking at mortgage loan programs and interest rates can be confusing, to say the least. There is an easy way to get started, and give yourself an idea of where you stand.

The first step is to find out what mortgage interest rates are at the current time. You can typically do this with a couple of phone calls to lenders or some quick searching on the internet. Get your rates on conventional fixed rate loans.

To obtain a very clear picture of how much home you can actually qualify for, the best idea is to contact a reputable local lender and let them analyze your entire situation. The lender can calculate your income-to-debt ratio, do a quick credit score and give you the information you need.

We work with a number of loan officers and would be happy to recommend one right for you. Click here to contact us today. We are happy to help!

Joslyn Blanchard

Bailey Ellert

About Alaska House Hunting Name

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Jack White Real Estate


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Alaska House Hunting

Elise Ell Buchholz



My husband and I bought a home in May of 2015 with Joslyn as our realtor. She is very knowledgeable, professional, helpful, and is everything that you would be looking for in a realtor. She made great ...


Joselyn is an excellent Realtor!! She guides you through each step from start to finish!! I was very happy that a friend had reccommended her and I would too!!


Joslyn is the kind of Realtor I want on my team. Honest, loyal and hard working. I like quick responses and that’s what I got with Joslyn. Always ready to go the extra mile.

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