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.
Because a HYBRID HEAT dual fuel system provides the flexibility to work with multiple fuel sources, it provides additional protection from unpredictable fuel cost increases. And the system is so efficient, its heating costs are less than with any gas furnace alone.YBRID HEATÂ® Dual Fuel System. It takes two fuel sources to be smart, flexible and efficient. A HYBRID HEAT dual fuel system combines the strengths of a gas furnace with an electric heat pump to deliver the comfort and efficiency you need year-round to give you more control over your utility bills.