Mortgage Credits-How They Save You Money!

After you’ve bought your new home, the moving in is over with and your finally settled in, don’t forget to file your mortgage credits.  Mortgage credits are deductions and credits that you can file at the court house that will save you money on your property taxes.  You must file them after financing your mortgage even if your only refinancing an existing mortgage.  Following is a list of mortgage exemption that are available in Indiana.  Certain circumstances may apply.

• Homestead Credit- Given to an individual who owns and resides in the property.  It must be the individual principal place of residence
• Solar Energy Heating or Cooling Systems-This credit is given when you have wind power devices, hydroelectric power or geothermal device
• Over 65 Cricuit Breaker Credit
• Disabled-A deduction given to the disabled
• Disabled Veteran- A deduction given to a disabled veteran
• Mortgage Exemption- Given to the owner of the property who carries the mortgage on the property
• Over 65- Given to owners who are over the age of 65
• Blind- Given to those homeowners who are blind
• Veteran with Service Connected Disabilty- Given to those who have served in a war and been honorably discharged
• Veteran World War I  Givn to those homeowners who served in World World I
• Surviving Spouse of World War I- Given to the homeowner who is a surving spouse of a veteran