About the Wylie, Texas Area Request our Free Wylie Relocation Package. It's packed full of useful and important information about the Wylie, Texas 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... Wylie is a city in Collin, Dallas, and Rockwall Counties in the state of Texas. As of the 2000 census, the city population was 15,132, but recent rapid growth has 2004 estimates suggesting the population is already 25,850. Once solely located in Collin County, Wylie has extended into neighboring Dallas and Rockwall counties. Both Lake Lavon and Lake Ray Hubbard are within easy reach of the city. Since the 2000 census the population has grown 109.3%, making Wylie number 8 on the list of fastest growing cities in the nation. Current population is now listed at 32,696. It's our job to know EVERYTHING about Wylie! Ask us any question. Or request a FREE information package. There's no obligation, and we promise to get back to you quickly... 
First Time Buyers >Your Investment
Shelter is a very basic human need which most people accommodate by renting or buying a house or apartment. Rental property is often less-than-perfect. Tenants usually experience a rent increase every year or so and feel somewhat at the mercy of the owner. They don't necessarily feel a strong commitment to the property or the community.
Making a decision to buy a house is a major commitment, and the decision has both economic and emotional implications. Instead of paying the landlord's mortgage every month, homeowners pay their own mortgage and build up equity in their investment. When they paint, plant flowers or make improvements, their family reaps the benefits of a more beautiful environment. Homeowners are much more selective than renters about finding the perfect home, and their sense of personal satisfaction heightens the pride of ownership.
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| Q |
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
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| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million. |
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