What Is A Home Equity Loan?
Savings Corner
APRIL 4, 2024
You can deduct the interest (up to the limit) if the home equity loan is used to “buy, build or substantially improve” the property. Consolidating high-interest debt: If you’ve been struggling to pay off debts with high costs like credit cards, a home equity loan can make a big difference in the amount of interest you’re paying.
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