With a rebounding economy and low mortgage rates, this may be the time for you to join the ranks of new homeowners, or consider refinancing your existing mortgage. We'll be with you every step of the way, making purchasing, building or refinancing an enjoyable experience. Why buy a home? The benefits of ownership really add up.

Podcasts Building A Home Home Much Home Can I Afford?

Many people think buying a home is simply too costly. But when you look at the big picture, purchasing a home has a number of advantages which may make it more affordable than you think. Union Bank & Trust Company will be happy to answer your questions and help you calculate the financial benefits of home ownership. Tax Benefits - You may be allowed to deduct mortgage interest and property tax on your federal income tax return.* These deductions can mean signifi cant tax savings, especially early on, when interest makes up most of the payment. Equity - As you make payments on your home, you reduce the principal and build equity. It’s like investing in your home. And if the value of your home increases through appreciation, your equity will build even faster. Payment Stability - If you get a fixed rate mortgage, you will pay the same monthly principal and interest payment for the life of your loan. *Consult your tax advisor regarding deductibility of interest.