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"They found the perfect house for us." Linda and Brian helped my wife and me purchase our first house together. "Kurt Mayrand, VP Sales and Marketing" Read Quote > View All Quotes >
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Fallbrook, Bonsall and Oceanside Weather Get Fallbrook, Bonsall and Oceanside Weather Reports Here Request our Free Fallbrook, Bonsall and Oceanside Relocation Package including our DVD video presentation of "Welcome to Our Town". It's packed full of useful, important, and historical information about the Fallbrook and Bonsall, California area. Don't move here without it! Remember: We'll send it to you for free and without obligation. Just fill out the form and we will send it right out... 
Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
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| Q |
Where is the world's oldest castle located?
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| A |
The castle at Gomdan, Yemon, dating from before A.D. 100, is considered the oldest castle; it originally had 20 stories. |
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