Benefit

Information About Mortgage Tax Benefits

  • One of the most important benefits of buying a home and having a mortgage is the mortgage interest expense income tax deduction.  For most borrowers, the mortgage tax deduction provides a significant, positive financial impact and is an important factor in determining how much home they can afford.  The interest expense tax benefit helps to offset property taxes, homeowners insurance and other monthly housing expenses you pay when you own a home.

 

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