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.
Photo by Mark Donovan. Electric baseboard heating on the other hand requires electricity, and is significantly less energy efficient compared to hydronic baseboard heating. Hydronic heating elements are comprised of a copper tube surrounded by a fin assembly that is encased in a metal frame structure.lectric baseboard heating is similarly installed in each room of the home, however each room typically has its own thermostat. The one advantage of electric baseboard heating is the fact that you have more control of what rooms you heat in a home.