How Much Do I Qualify For?
Other Determining Factors
Mortgage interest, property taxes, loan fees or “points” are currently tax deductible (up to allowable limits). Points are generally deductible in the year paid. A point equals 1% of the mortgage amount. If you are in the 32% tax bracket, this is equivalent to receiving a 32% discount on your mortgage interest and property taxes. During the first few years of your mortgage, your tax savings are especially high because most of your monthly payment goes toward loan interest.
Tish Faith, Sales Representative
Right at Home Realty Inc.,
5111 New Street, Suite 104
Burlington, ON L7L1V2
Office Phone: 905.637.1700
Mobile: 905.691.4733
Email: tish@tishfaith.com
Learn More About Tish
Tish Faith, Sales Representative
Right at Home Realty Inc.,
5111 New Street, Suite 104
Burlington, ON L7L1V2
Office Phone: 905.637.1700
Mobile: 905.691.4733
Email: tish@tishfaith.com