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.
Now, hereâs the difference between standard-efficiency and high-efficiency models. In gas furnaces, there is a component called a heat exchanger. This is where natural or propane gas is converted into heat energy and byproducts produced from the combustion process are vented through the flue system. Well, in a condensing gas furnace, there is more than one heat exchanger. The secondary heat exchanger removes more heat from the combustion gases, which then condense to produce water vapor. Then, cooled flue gas is vented out of the flue system.