| Do you find yourself groaning every time you file | | | | properties that quality for this deduction. If you |
| your tax returns? Do you cluck with anxiety and | | | | purchased 15 homes through home loan lending, the |
| regret each time you calculate how much of your | | | | property taxes you pay on all 15 houses can be |
| paycheck actually goes to the tax guys? If your | | | | declared as a deduction. |
| answer is yes to both questions, buy a house! Home | | | | Home Loan Lending Gives You Gain Exclusion |
| loan lending makes owning a house easy. Additionally, | | | | Suppose you went for home loan lending 30 years |
| it provides you with huge tax advantages. | | | | ago, and now you own your house. You want to sell |
| Home Loan Lending Lets You Save on Interest | | | | it, however. Is there any way you can continue |
| When you file your income statement, the interest | | | | enjoying tax advantage? The answer is yes. |
| you pay to purchase your principal residence is | | | | If you lived in your property for at least two of the |
| deductible. In fact, you can even purchase additional | | | | past five years before deciding to sell it, you can |
| land through home loan lending and claim the | | | | exclude from your income declaration $250,000 of |
| residence interest as a deduction. The only condition | | | | the profit from the sale. Even better, if you sold your |
| is that this land be adjacent to your home. | | | | house for less than $250,000, you need not report |
| Furthermore, you can declare as a tax deduction the | | | | the profit to the IRS. You have no tax liability on the |
| interest on as much as $100,000 of your | | | | sale. |
| home-equity debt. The good thing about this is that | | | | Uncle Sam Is All for Home Loan Lending |
| even though you use the borrowed money to go on | | | | Why is the government so generous to |
| vacation or a shopping spree, the Internal Revenue | | | | homeowners? The truth is, Uncle Sam wants to put |
| Service, or IRS, won't care. as long as your house | | | | you in a house. Unfortunately, the costs of |
| has the equity and this equity secures your debt. | | | | purchasing houses and lots are so prohibitive few |
| Home Loan Lending Helps You Save on Taxes | | | | could afford to go through a cash-only transaction. |
| Taxes give everyone headaches, especially when it's | | | | Most opt for home loan lending. Uncle Sam makes it |
| time to pay or compute them. Home loan lending can | | | | easier for you to own a home by subsiding parts of |
| make the headache throb just a little less painfully, | | | | the cost you incur in home loan lending. |
| however. When you purchase a house, you can | | | | Clearly, a home does not just shelter you from the |
| declare all the real property taxes you pay as a tax | | | | elements. It shelters you from tax, too. Home loan |
| deduction. You can do the same even if you are only | | | | lending just might be the best thing that could ever |
| a tenant shareholder in a cooperative apartment | | | | happen to anyone since the discovery of indoor |
| building. You can declare your share of the property | | | | plumbing. After all, with home loan lending, you not |
| taxes paid as a tax deduction. | | | | only get to buy a house, you can use it to pay lesser |
| What makes this discount on taxes particularly | | | | tax! |
| interesting is that there is no limit to the number of | | | | |