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.
Answers | 1
Asked by j.sams76
Answered by Cynthia Williamson
CPA in Overland Park, KS
This is probably not what you want to hear, but the answer is no. You should, how...
Asked by patriciapotpie
Answered by Steffanie Staples
Insurance Agent in South Jordan, UT
Expense amounts greater than 7.5% of AGI
Asked by joshua.anderson
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Anonymously, Are you a real estate professional? Also discuss this with you...