Knowing that the house is yours should bring you satisfaction in itself. You can enjoy the savings that may come when you deduct your property taxes and mortgage loan interest on your federal income taxes and in most cases your state income taxes too. Since interest will make up a large portion of your monthly mortgage, for many years you will easily see how home ownership can save you on your taxes. With every payment, you build more equity in your house. This equity is like a savings account which you can cash in when you sell your home or use it to borrow against. Please contact Member Services at 321.690.2328 or 1.800.690.2338 for additional assistance.