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.
1 Propane heats significantly faster and uses le s s energy than electricity. 2  Propane heating systems costs less to install than oil-fueled heating systems. 3  Propane furnaces can save up to 60% in utility costs when compare d to oil or wood furnaces or electric heat pumps.sing propane to power your heating system has many advantages including greater efficiency, cost savings and versatility. Plus, propane is a clean, reliable energy source, most of which is produced in the US and readily available. 1  Propane heats significantly faster and uses le s s energy than electricity.