Mortgage Help   Mortgage Rates Real Estate Credit Foreclosure Tax
	First Time Home Buyer Do I get any tax benefits? Buying: How much cash am I going to need? Tips for First Time Home Buyers Get smart about buying Buying A Condo   Loans: Exotic Mortgage How does a bank decide whether to lend to me or not? How do I know which type of loan to choose? How long does it take to receive the money Closing Costs   Tax: Homeowner Tax Benefits Do I get any tax benefits?   Real Estate: Do you really need a real estate broker? How do I know the house is in good shape?   After the Deal: What happens after I make a deal with the seller? Writing Off Moving Expenses You've heard that buying a home is a great tax break. Here's how it works. Mortgage interest and real estate taxes are tax deductible. This can really add up. Most of your mortgage payments in the first years are for interest. On a $1,200 mortgage you could deduct up to $1,080 a month. This will reduce your taxable income by around $13,000 a year. This could really save you money. You can see the benefit of buying a home. You can either receive a big payout when you file your taxes, or adjust your income withheld each month.