Use this to figure your debt to income ratio. A debt ratio greater than or equal to 40% is generally viewed as an indicator you are a high risk borrower. The number one rule of personal finance is to earn more money than you spend.
Adding solar panels can qualify you for a federal tax credit. In general, home improvements such as a roof replacement do not qualify as a tax deduction. However, installing solar panels or green technology on your roof will qualify you for federal and possibly state energy tax credits. An energy-efficient roof also means lower utility bills.
In this case, you will not be able to claim HRA, but will be able to claim tax benefits on both the principal and interest. If you have bought a house with the help of a home loan and live in another house on rent, you can claim tax benefit for both.ou can claim HRA exemption if you are living on rent, whereas you claim deduction for repayment of home loan. You can claim tax benefit for both, but only if you fulfil the conditions.