Home Ownership benefits

Homeownership Benefits

As one of the nation’s top mortgage companies, Fairway helps individuals and families reach the American Dream of homeownership every day. Owning a home is an exciting investment and comes with many benefits including…

Achieving the American Dream

Owning your own home provides not only the satisfaction of purchasing a home, but allows you to completely customize and personalize your home to your liking, including painting walls and replacing flooring which could also potentially increase your home’s value.

Building Equity

Your monthly mortgage payments will include both principal and interest, with the principal portion going toward your personal equity in the home. If or when you decide to sell your home, the equity you have in your home can turn into profit if the value of your home is more than your remaining loan balance.

Tax Benefits

Many times your mortgage interest, property taxes and sometimes even closing costs can be tax deductible,* potentially allowing you to pay less income tax as a homeowner.
*This does not constitute tax advice. Please consult a tax advisor regarding your specific situation

Peace of Mind

As a homeowner, you’ll have access to our wide range of mortgage options that will help you predict your monthly mortgage payments versus being subject to annual rent increases you can’t necessarily always plan.