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determine mortgage approval amount tax break new home The Tax Benefits of Home Ownership | AllLaw – Example 1. bob rents a home at a cost of $1,200.00 per month. He is single with no children and takes the standard deduction on his income taxes.qualifying home loan calculator mortgage prequalification calculator – NerdWallet – Use NerdWallet’s free mortgage prequalification calculator to see whether you qualify for a home loan, and if so, what amount you can get prequalified for.Refinance Mortgage | When (And When Not) to Refinance – Your refinance rate is also affected by your credit score, amount of home equity, debt-to-income ratio and the length of the loan.You can also buy a lower rate by paying for discount points. Rates and fees also vary from lender to lender, so you want to be sure to shop around when refinancing a mortgage to be sure to get the best deal.