Although the mortgage deduction began fairly recently in 1997, it has helped millions of potential homeowners purchase real estate that they otherwise would not have had a chance to buy. (ypnlounge.blogs.realtor.org)
But 20 percent down proved too large a hurdle for many potential homeowners as housing prices rose in the 1990s and beyond. (themortgagereports.com)
Potential homeowners who take advantage of the renovation loan may be able to keep costs considerably lower than a traditional construction loan associated with building a new home. (bankingsense.com)