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Owning a home can give you stability and security, and protection from rising housing costs.
Homeowners get tax benefits. And when you finish your mortgage payments, you’ll own a home that you can sell or pass along to loved ones after your death.
But it’s a big responsibility. When you own a home, you pay for repairs, along with any property taxes, insurance, and homeowners association dues that apply. If you want to move, you normally try to sell your home first.
