We just settled on our house last week and would like to do some repairs on the house. We don’t have the cash, but would like to take out a home equity loan, but weren’t sure if there was a “grace period” or something similar before you can do that.
Posts Tagged ‘Is’
Is There A Rule Of Thumb For How Long You Have To Wait To Take Out A Home Equity Loan?
Thursday, May 21st, 2009Is My Home Equity Loan Still Tax Deductible If I No Longer Have A Mortgage?
Wednesday, May 20th, 2009We just paid off our mortgage, but have an outstanding home equity loan, which we took out to benefit from the tax deduction. Now that the mortgage is paid off, we’re wondering if the loan is still deductible.
