Home Equity Loans & Line Of Credit
Most HELOCs use the Prime Rate as the index,
the margin is what is added to the index to
determine the effective rate. This margin will
vary from one firm to another...
Asked by an anonymous user
As long as the HELOC is in the first mortgage
position you should be able to write off the
interest, but double check with a CPA or
accountant for your specific situat...