1 STOP MORTGAGE BLOG!

Tax Benefits of Owning a Home

 TAX DEDUCTION BENEFITS FOR HOMEOWNERS by 1 STOP Mortgage. From mortgage to property tax deductions, here are a few of the tax benefits of owning a home. Take advantage of these home ownership related tax deductions to lower your taxable net income. To get the mortgage deduction, your mortgage must be secured by your home. Mortgage Interest Interest a homeowner pays on a mortgage up to $1 million dollars is deductible when you use the loan to buy, improve or build a home.Property Tax Deduction You can deduct the real estate property taxes you pay on your home.Private Mo...

March 15th, 2016 | Tax Benefits, Tax Benefits of Owning a Home

Serving the Great Mid-South Region
Offices: 901-388-1588 or 901-476-9100 | Toll-Free: 
888-580-1588 | Fax: 901-388-6202 | Email: info@1stophomeloans.com
1 STOP MORTGAGE | NMLS#215671 | TN Lic#108931 | 5909 Shelby Oaks Dr, Suite 129, Memphis, Tennessee 38134