Mortgage Tax Deduction Big Driver for New Home Buyers, Reports GuideToRealty.com
(PRWeb) March 27, 2007 -- Real estate and tax experts agree that the tax benefits of home ownership are excellent -- up to $1 million of acquisition mortgage debt qualifies for interest deduction. As tax season progresses, various homeowner tax benefits highlight the need for top online resources like GuideToRealty.com, an online consumer resource for real estate buyers and sellers. GuideToRealty.com and sister Web site GuideToLenders.com, an online consumer resource for broker and lender information, provide resources homebuyers are looking for, such as current mortgage rates and mortgage calculators. Listings of agents and mortgage companies are available and make the process easier for those wishing to take advantage of the tax savings offered by homeownership (http://www.guidetorealty.com).
As a result of changes to the tax laws this year, many Americans may qualify for tax savings in the form of energy credits as a result of home improvements. Homeowners can claim up to $300 for installing energy-efficient air conditioners or heaters, $150 for a furnace and up to $200 for new energy-efficient windows. Says Jeff Pretsfelder, a senior tax analyst with Thomson Tax & Accounting, "You may not have intentionally set out to make improvements to earn these credits, but you may nonetheless qualify for them." These savings are in addition to home loan benefits: in some cases points or loan origination fees are tax deductible and, in general, interest charged on a mortgage loan is tax deductible.
Married homeowners selling this year can possibly earn up to $500,000 from the sale of the home and pay no income tax, according to Realtor.com. Those interested in the tax saving benefits of homeowners ship can turn to GuideToRealty.com and GuideToLenders.com for help connecting with the professionals that can guide them through the buying and selling process. Many potential homebuyers turn to online resources such as GuideToRealty.com (http://www.guidetorealty.com) because they lack industry knowledge and don't know where to start. GuideToRealty.com and GuideToLenders.com serve as one-stop resources for everything related to the buying and selling process, from finding a real estate agent to applying for a mortgage loan (http://www.guidetolenders.com).
GuideToRealty.com is a rapidly growing online consumer resource for buyers and sellers of real estate. The site features details of real estate agents and local market and demographic information in more than 2,500 cities nationwide. The aim of GuideToRealty.com is to become the number one consumer resource for the real estate market.
Interested real estate agents should visit the "contact us" section of GuideToRealty.com to begin benefiting from the QuinStreet, Inc. network. QuinStreet is one of the largest providers of qualified online leads in the world. Clients in a variety of industry sectors consistently rate QuinStreet as the high quality/low cost leader in Internet marketing.
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