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 heating systems costs less to install than oil-fueled heating systems. 2  Propane furnaces can save up to 60% in utility costs when compare d to oil or wood furnaces or electric heat pumps.3  Propane furnaces and boilers tend to last longer and require less maintenance.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.