Pros And Cons Of A Home Equity Line Of Credit (HELOC)
Savings Corner
APRIL 4, 2024
Possible tax-deductible interest Even after the Tax Cuts and Jobs Act of 2017, you can still deduct interest paid on a HELOC if you use the money for home renovations. You must also itemize deductions to take advantage of this writeoff. This helps keep your payments manageable. However, HELOCs also come with risks.
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