I have two mortgages – one for primary residence and one for investment property. I know that interest payment on both loans are tax deductible. But if I get a home equity loan against my primary home to pay off my high-interest car loan, the interest on this home equity loan is also tax deductible?
Posts Tagged ‘Equity’
Home Equity Loan Interest Is Tax Deductible?
Sunday, May 17th, 2009Is A Home Equity Line Of Credit Or Home Equity Loan Used To Buy A Second Home Tax Deductible Beyond $100,000?
Saturday, May 16th, 2009Would a Home Equity Line of Credit or loan used to buy a home be considered a Home Aquisition Debt instead of a Home Equity Debt?
