Deduct the Interest Expense for Home Equity Loans
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You can deduct the interest expense for home equity loans and lines of credit secured by your home. The interest expense is deductible for your loan, up to a set limit, no matter how you use the money.
From: FreeTaxUSA
Related topics : interest home equity loan deductible / secured loan credit
Home Equity Lines of Credit : About Home Loans
There are two types of loans that a person can find on their property, including mortgage loans and second mortgages. Find out how long the terms are for second mortgages with help from a financial specialist in this free video on home loans and money management.
Expert: Matthew McKillen
Contact: www.innovativefg.com
Bio: Matthew McKillen has more than 21 years of industry experience in arranging loans for his clients.
Filmmaker: Christopher Rokosz
From: ehowfinance
Related topics : line of credit home equity loan / line of credit loans near me
MoneyTap's New Credit Line App Goes Online
New app to help users find out their credit eligibility, credit limit and get a loan in a matter of minutes!. MoneyTap's CEO & Co-founder Bala Parthasarathy speaks to Ronojoy Banerjee
From: CNBC-TV18
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Convert Credit Card and Automobile Interest to Deductable Interest Through a Home Equity Loan
http://www.freetaxusa.com helps you file your taxes for free.
You can convert non-deductible interest expense such as interest on credit cards and automobile loans into deductible home mortgage interest. Then you can deduct this interest from a home equity loan or line of credit on Schedule A of your Form 1040. The interest on your home equity loan is deductible no matter how you used the loan money. One item to note is that if your home equity loan is over $100,000, the
deductible...
From: FreeTaxUSA
Related topics : interest home equity loan tax deductible / equity loans