Tag Archives: Extra

Can I use interest from home equity loan on a schedule E if 100% of the funds went to purchasing a 2nd home?

xredhat88 asked: I want to buy an investment property I found for $50K. If I take out a home equity loan and use 100% of the money borrowed to buy an investment property can I list the interest I pay … Continue reading

Posted in United States | Tagged , , , , , , , , , , , | 2 Comments

Would it be better to refinance at a lower interest rate or take out a home equity loan?

mobgirl asked: Here is my situation: We would like to put around $20,000 into our house. Should I refinance at a much lower interest rate for an extra 20 grand? Or should I keep our current mortgage as is and … Continue reading

Posted in Renting & Real Estate | Tagged , , , , , | 7 Comments