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.
Electric Radiant Heat. An electric radiant heating system uses either electric cables or a mat of conductive plastic installed beneath the flooring. The cost to install an electric system is comparable to that of a hydronic system; electric systems typically cost between $8 and $12 per square foot.Electric systems don't require a boiler, but because of the relatively high cost of electricity, they are significantly more expensive to operate than hydronic systems. water-heated system, called a hydronic system, is the most common type of radiant floor heating. In general, a hydronic system will cost between $6 and $16 per square foot to install.