| Is the interest I pay on my home equity loan | | | | loans, should be addressed with a tax attorney or cpa |
| deductible? | | | | you trust. If you are married and filing separately, |
| In most cases the interest paid for a home equity loan | | | | interest is tax deductible on a loan or line of credit up |
| or second mortgage is deductible. The interest on | | | | to $50,000. Get together with a professional tax |
| fixed rate equity loans or adjustable lines of credit can | | | | planner to ensure that you are up to speed on the |
| be tax deductible. We suggest you consult your tax | | | | latest laws that may apply to your situation.Sandy |
| planner to get more specific advice that pertains to | | | | Sarconi is living legend in southern California, who has |
| your situation.Tax advantages are one of the | | | | published many articles focused around home equity |
| appealing benefits for homeowners choosing an equity | | | | lending. Over the last few years, Sandy has been a |
| loans to finance the purchase of automobiles, boats, | | | | loan product consultant helping to develop cutting edge |
| and motor homes. In most cases, interest on your | | | | loan products for companies like Bridge Capital, BD |
| credit cards or auto loans is not tax deductible. And | | | | Nationwide Mortgage, and several others. Today Mr. |
| because you're borrowing against secured collateral, | | | | Sarconi is an account executive with Irwin Home |
| the interest rate is often times lower than the rates | | | | Equity.If you would like to read more helpful articles |
| offered for other unsecured installment loans.So don't | | | | online, visit Nationwide Home Equity Loans & Credit. To |
| forget, the mortgage interest is deductible on a home | | | | get more eqsecond mortgage advice & finance tips, |
| equity loan or line of credit up to $100,000. The tax | | | | please contact the loan team to learn more about |
| codes also suggest that deductions are available up to | | | | program updates and the approval process for 125% |
| 100% of the value of your home. Tax deductions for | | | | second mortgages and home equity loans. |
| loans that go above the value of your home, like 125% | | | | |