If the loan is not a secured debt on your home, it is considered a personal loan, and the interest you pay usually isn't deductible. Your home mortgage must be secured by your main home or a second home. You can't deduct interest on a mortgage for a third home, a fourth home, etc.VERVIEW. If you're a homeowner, you probably qualify for a deduction on your home mortgage interest. The tax deduction also applies if you pay interest on a condominium, cooperative, mobile home, boat or recreational vehicle used as a residence.
A gas heating system is less expensive to operate than an electric unit. Natural gas is a cheaper form of energy than electricity and over the past few years, the cost of natural gas has actually decreased. However, a gas-powered unit will require a larger initial investment than an electric unit.Gas heating systems generally heat the home faster than electric units.atural gas is a cheaper form of energy than electricity and over the past few years, the cost of natural gas has actually decreased. However, a gas-powered unit will require a larger initial investment than an electric unit. Gas heating systems generally heat the home faster than electric units.
Price comparison of electric vs gas. In terms of initial cost comparison between gas and electric heaters, it is the electric one that is more expensive since a whole house electric heater costs around $500 to $700.On the other hand, a full size gas powered heater can be bought within $1000. Donât just give up on tankless heaters due to high price.ankless Water Heater Reviews & Boiler Reviews 2015. Tankless water heaters are just what their name implies: they heat the water you need to use on demand, rather than heating water stored in a tank and letting it wait to be used.