Tag Archives: 200k

Q&A: Is the interest on $200k home equity loan used to buy a new primary residence deductible on Sch A.?

Question by Rajan A: Is the involvement on 0k place assets debt used to steal a new election abode amount on Sch A.?We are planning to rent our existing home and pulling $ 200k equity from that home to buy … Continue reading

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What will happen to the equity of your house by 2-4 years from now if the home was loan modified today?

jacque1016 asked: Example: Previous value of house $300K and currently paying in mortgage, current value $200K and applied for loan modification, after 2-4 years from now $400K. Will the $200K additional value be considered as equity or AUTOMATICALLY be added … Continue reading

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