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.
All-in-one or Packaged System. Packaged systems are all-in-one solutions, with most of the components for heating and/or cooling housed in a single cabinet.Packaged systems are popular in certain regions, where construction techniques favor a single cabinet system rather than a split system, which has both an outdoor and an indoor unit.ACKAGED GAS ELECTRIC. A packaged gas electric unit offers you electric air conditioning and gas heating. In warm weather, it's an all-electric high-efficiency air conditioner. In cold weather, it provides warmth from natural gas or propane, giving you the best of both energy worlds.