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Old 07-05-2008   #14 (permalink)
DVC Mike
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Join Date: Mar 2008
Location: North Carolina
Posts: 130
Re: DVC Down payment reduced

Quote:
Originally Posted by mickeysgirlz
When I spoke to a DVC CM, they said that most people finance because of the tax benefits? That you technically own a "second home" and it can be written off as such? Is this true?
Yes, as long as you don't already have a second home, you can deduct the interest on the loan and the portion of your annual dues that are property taxes. Of course, consult your tax professional.
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