A purchase transaction is defined as the process of acquiring a property for the purpose of primary residence, second home or investment property.
- All interest on the mortgage may be tax deductible*
- Establishes credit history
- Secured investment
- Builds equity
- Can be used to borrow against
*Supreme Lending is not a licensed CPA or Tax consultant and therefore, cannot determine if your mortgage interest will be eligible as a tax deduction per IRS code. You are advised to contact a tax professional. This in no way implies you are guaranteed a tax credit.