A primary residence is a person’s home, typically a house or a condo. A person can only have one primary residence at any time, but it can be shared with other individuals in the household.
For tax purposes and/or obtaining a mortgage, a primary residence is considered a legal residence. There are a lot of options available when it comes to primary residence loans. Let Supreme Lending Willmar take the guesswork out for you. If you’re ready to start the loan process, call us today to get started!
*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.