First Mortgage

Even with the encouragement of friends, family and co-workers, many first-time home buyers still wonder if buying a home is the right thing to do.

Having reservations is normal. Learning more about the benefits of owning a home can make the process of buying a home less intimidating.

Pride of Ownership

Pride of Ownership is typically the main reason people want to own their own home. You can paint the walls any color, attach permanent fixtures, and decorate to your own taste. It also gives you and your family a sense of stability and security, and is an investment in your future.

Appreciation

Although the real estate market moves in cycles – sometimes up, sometimes down – over the years, real estate has consistently appreciated.

Mortgage Interest Deductions

Home ownership is a superb tax shelter, and our tax rates favor homeowners. As long as your mortgage balance is smaller than the price of your home (and the improvements you’ve made) mortgage interest is fully deductible on your tax return. Interest is the largest component of your mortgage payment.1

Property Tax Deductions

Real estate property taxes paid for a first home are fully deductible for income tax purposes.1


Research and Apply for a First Mortgage

For properties located within California:

CA Properties: Apply Now


For properties located outside California:

Properties Outside CA: Apply Now



1 Please consult a tax advisor about mortgage interest and property tax deductability.