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The Tax Advantages of Home Ownership

There are several tax advantages to owning a home. For most people, the biggest tax break will be the mortgage interest tax deduction.

As a home owner, you will be able to deduct mortgage interest (which is going to be most of your monthly mortgage payment initially) on your federal tax return. You can also deduct any points paid and the interest on a home equity loan or line of credit or second mortgage. Read More

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