Please Select a Prospect Mortgage Loan Officer:
 
 
 
 
  Please Select a Prospect Mortgage Loan Officer:
 
 
 
 
  Please Select a Prospect Mortgage Loan Officer:
 
 
 
 
  Please Select a Prospect Mortgage Loan Officer:
 
 
- your home loan expert

Whether you are buying your first home, refinancing an existing loan, or investing in real estate, we can help you find the right loan to meet your needs.

 

Contact us - our Loan Officers will be happy to assist you.

Learning Center

Tax Benefits

One of the biggest advantages of owning a home is that the interest on your mortgage is 100% tax deductible. Loan fees and points paid to discount your interest rate are also deductible.

 

Furthermore, you can deduct up to $100,000 in debt from a Home Equity Line of Credit.

 

The example below demonstrates how mortgage tax deductible benefits can make home ownership more affordable than renting – even with no money down.

 

Average area rents: $2,650/month
Average sales price of area home: $600,000

 

5/1 Interest-Only ARM with 1st and 2nd Trust Deed

1st Rate
2nd Rate

5.750% (5.104% APR)
5.900% (5.274% APR)

Down Payment

$0

Estimated Monthly Payment

$2,890

Tax and insurance

$765

Tax Deduction

- $1,050*

Estimated Real Monthly Cost

$2605

 

*Based on 30% tax bracket. Consult a professional tax advisor for specific details.