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I plan to refi my current 30-yr fixed-rate mortgage into a HELOC. Can I write off the interest from the HELOC?

The HELOC fund is used to pay off the mortgage completely and the HELOC becomes 1st lien on my residence.

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  Answers  |  1

February 06, 2018

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 situation.

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