Its officially 2008 and that means that tax time is here! Of course if you’re a homeowner this time of year is not nearly as troubling as for those that don’t own real estate. If you are dreading taxes this year, you may really want to consider buying a home in the Monarch Beach real estate market or Dana Point real estate market in 2008.
A new home purchase can really help you on your taxes. Not only to homeowners get to deduct mortgage interest, property taxes and moving costs, they also get to deduct home improvement loan interest and points. This all adds up to a ton of savings!
If you have been thinking about buying a Monarch Beach home or Dana Point home, now is a great time to get the ball rolling. Not only will it save you money on your taxes next year, but with the new interest rate cut, you’ll find that you can afford more home then you thought possible.
You can check out the Top 10 Tax Breaks article on my online Monarch Beach Real Estate Update newsletter to get all the best information on how buying a home can save you money. If you have any questions about tax breaks for homeowners or the latest cut in interest rates, call me today at 949-240-3308.
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