One of the best things of home ownership is the tax breaks!!
These include the interest from your mortgage on your primary (as well as a second mortgage). Discount points paid at the purchase of the home & local real estate taxes.
If you have lived in your home for 2 of the 5 years leading up to the sale, keep in mind when you sell your home you are allowed to take up to $500,000 if married and $250,000 if single tax free when looking to re-invest in real estate. Our system is made to encourage you to invest and re-invest. If you have only lived in it one year you can partially qualify.
Check out the benefits of the tax breaks you can have of..