The home mortgage deduction is also of great assistance to many of our citizens who are trying hardest to establish the stability and security of homeownership. The greatest growth sectors in homeownership today are among minorities and firsttime homebuyers. who are frequently just on the cusp of attaining the American dream. Similarly. immigrants. who come to this country seeking a new way of life. are beneficiaries of the mortgage deduction. In fact. the level of homeownership among foreignborn naturalized citizens who have been in the United States for at least six years is the same as the level of homeownership of the Nation as a whole. When families such as these. who are new to our shores. prosper. we as a nation prosper. In short. the home mortgage deduction is an important benefit to citizens across this great land.
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naturalized immigrants