What is mortgage interest credit?

What is Mortgage interest credit? Many people think this is simply a check that shows up, but in reality, it is much different. Interest credit refers to the amount you may deduct on your taxes for the mortgage. Interest paid on mortgages is still tax-deductible. This is great news for anyone purchasing a home, especially if they are currently renting. Homeowners get to not only deduct interest paid but take advantage of the appreciation in their home as well. This is why many people consider purchasing a home a much better alternative to renting where they live. Taking advantage of mortgage interest credit is one of the many reasons why a home is a good investment. Over the long run, this will save you tens of thousands of dollars in taxes. Cost Effective Loans can run the numbers for you and show you the benefits of taking advantage of Mortgage interest credit with no obligation.

Marty Weinstein

Broker / Owner at Cost Effective Financial 

For San Diego’s most trusted lender for over 35 years.
Email: marty@costeffectiveloans.com
Phone: +1 (619) 504-0828

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