As the amount owed on a loan decreases, the percentage of ownership increases. The equity in your home can be used to finance other expenses, such as education or retirement.

Homeownership is an important investment not just for you but also your family. Over a lifetime, owning a home may be one of the largest assets someone owns—and it can become part of their legacy as well.

Owning a home can be an opportunity to express your creativity. You can experiment with decorating, landscaping, and renovations—just some of the ways you might exercise that creativity.

Homeowners could deduct mortgage interest and property taxes from their federal income taxes, reducing their taxable income and potentially lowering the amount they pay in total annual taxes.