Purchase

A purchase transaction is defined as the process of acquiring a property for the purpose of primary residence, second home or investment property.

Advantages:

  • 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.

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