Valuable Information

So, I finally, finally made an appt with a real estate broker to get an idea what I should be aiming for and how I can start planning to eventually afford a place of my own, preferably a condo or townhome. A house might be too much, and I'm done with living in apts! lol He's someone I aleady knew through my job. He has ordered some various signs through us, and I've been to his new office aleady, so I thought he was perfect to talk to. He's very easy to talk to and very friendly, and he was more than helpful in explaining and revealing some things to me. Although I still don't grasp all the info he relayed to me, what I DID understand gave me great hope in possibly getting something in the very near future.

One thing I did not know, that is pretty amazing, is that, for instance, let's say I want to buy a condo, and it will cost me roughly $1200 to $1500 a month. In the beginning, I'll be paying more interest than principal on the loan. That, I understood. I may not get the terms right here, but from what I understand, there are two benefits that can work for me at this point, that go hand in hand. In the early stages of paying my premium, I can call the payroll company that writes my check, and ask them, in this instance, how many exemptions I need to claim in order to 'offset' the $12,000 a year I'll be paying, mostly in interest. By their own calculation they can find that number for me. Yes, this is legal. What will happen is, by increasing my exemptions, this will, of course, increase my income to pay my premiums, and the best part is, at tax time, I can write all the interest off! Okay, is that amazing or what! lol The additional income I gain to pay for a condo, I can also write off (if that's the right word) when tax time if here. I never knew that, and I am glad I know that now cause it gives me greater hope and was pretty astonishing when I heard this.

What I don't necessarily understand however is, if I can aleady afford payments like that, and I can write that interest off already, what reason would I need to increase my exemptions, unless I just want a whole lot of money left over? I mean, that would be nice of course, but, I think I need to go over this again to get a better understanding so it's more clear to me. Nevertheless, I gained some valuable info on getting prepared for this (how long has it taken me?! lol) and hope to have a good plan of action going and working for me, and yes I pray, pray that the Lord will just guide me, help me to be disciplined and help that day to become a reality when I finally have my own place. =)