Building Equity
Building Equity
There are many reasons for owning your own home but we believe the most important is the opportunity for you to build equity through ownership. Your monthly payments go towards ownership of your home rather than into your landlord's pocket. In addition, it can be less expensive than rent and the interest on your mortgage payments are tax-deductible. Don't forget the other advantages of home ownership, which include the opportunity to keep a pet and to decorate any way you like. Every Triton Home comes with an attached garage and a full appliance package. Exterior maintenance, including snow removal and lawn care, is handled by the homeowner's association.
Consider this-a quality Triton Home with a $112,900 purchase price equals a monthly mortgage payment of approximately $715 a month (based upon a 30 year rate of 6.5%).
Surprising, isn't it? Even better, the $715 includes principal and interest, and there are no origination fees with Triton Homes. When you consider that apartment rent is reaching $1,000 per month (or higher) in many Midwest metros, buying a Triton Home makes good financial sense. After three years of paying average rent for a 2 bedroom and 2 bath apartment in the Midwest, you'll spend around $33,000. With a Triton Homes mortgage payment of $715, your three-year total will be less than $25,740, plus you'll be building valuable equity in your home."
