Forked River, NJ 9, 2010 American Advantage Mortgage Company today launched a revolutionary new residential mortgage product which enables 100% financing of a primary, secondary, or investment property up to $1 million dollars. &194;“In today&194;’s real estate market, many people envision low-down-payment programs for first time homebuyers,&194;” states Devon Callan, Loan Officer at American Advantage Mortgage Company. &194;“However, if the after-tax return on alternative uses of that money exceeds the buyers financing costs, putting little or no money down on a home is often a wise financial choice.&194;” He added that funding 100% of a primary, secondary, or investment property helps avoid liquidating assets to cover a down payment and possibly paying capital gains after liquidating. &194;“Naturally, one would want to consult their tax advisor about their personal situation,&194;” said Callan, &194;“however this innovative financing strategy offers several paybacks, especially for property investors.&194;”
When asked about the benefits, Callan explained, &194;“Financing 100% of your primary, secondary, or investment property may increase the amount of deductible interest expense as well as defer potential capital gains exposure.&194;” Another reason for 100% financing Callan stated was investment strategy preservation which allows the homebuyer to keep their portfolio intact by avoiding liquidation of assets to fund a down payment. &194;“With the maximum loan amount of $1 million dollars, 100% financing is not for first-time homebuyers anymore,&194;” laughed Callan. The new mortgage product allows various property types including single family, multiple family, townhouses, and condos.
About American Advantage Mortgage Company, Inc.
American Advantage Mortgage Company is based out of Forked River, New Jersey and is a licensed mortgage banker in NJ, SC, FL, and CO. For more information, please call 877-562-6681.
For more information on 100% financing, call toll free 877-562-6681.
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