Residential Mortgage

Mortgage on a residential property. Interest on such mortgages is deductible for federal and state income tax purposes up to $1 million; for home equity loans, interest up to $100,000 is deductible.

Mortgage on a residential property. Interest on such mortgages is deductible for federal and state income tax purposes up to $1 million; for home equity loans, interest up to $100,000 is deductible.