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2015-01-20 09:04:20
Disabled Veteran Real Estate Tax Abatement

 

Calling all Vets! One of the best perks of being a Veteran in the US is the eligibility to get a VA mortgage loan that requires no money down. Did you also know that Utah is a very “Vet-Friendly” state and even offers a partial or total tax abatement to disabled Veterans? This means you may not have to pay any or very little property tax which means your mortgage payment will be less.

You have sacrificed for your country and here is a chance to reap the benefits of your service. If you already own a home or are thinking of purchasing a home using your VA benefits, be sure to look into getting a tax abatement. Here is a link for Utah: https://tax.utah.gov/forms/pubs/pub-36.pdf. You can also call us anytime with questions.

Home ownership provides stability and has many economic advantages. You can write off mortgage interest, your loan origination fee when you purchase the home and you pay off a portion of your mortgage every month. And...the average homeowner has a financial net worth of nearly $200,000 versus a renter who has an average net worth of $5,000. (source is from: https://economistsoutlook.blogs.realtor.org/2014/09/08/net-worth-of-homeowners-vs-renters/) You will never relieve the burden of a rent payment but it is possible to pay off your house and have only tax and insurance payments. As a Veteran you should take advantage of your benefits and Market Source Real Estate would love to show you how.

 
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