Attain Home Ownership
Owning a home is the foundation of financial security. But with the struggles of just keeping up with monthly rent and expenses, many of today's young Americans feel it will take many years before they can afford their own home. You can objectively look at the best plan for their situation and turn that rent check into a mortgage payment for a new home.
Attain Mortgage offers programs to borrow up to 100% of the price of a new home with as little as $500 in borrower contributions to settlement costs. The remaining closing costs can be a loan or gift from a relative, employer, non-profit agency, municipality or an interested party - even the seller! Income limitations apply to this program.
Tax Advantages
Homes offer excellent tax advantages to families. Interest on home mortgages is generally deductible as are points and property taxes. Gains on home sales are excluded from income (subject to limits) so a home can act as a super Roth IRA if equity is managed correctly. Save taxes and accumulate wealth - what more can you ask for?