using HELOC to pay-off primary loan?

Question

Jul 24, 2008, 01:10 PM

hotsun

New Member

Join Date: Jul 2008

Posts: 3

using HELOC to pay-off primary loan?

If I use my home equity line of credit to pay off my primary mortgage loan, is the interest I pay on the home equity line of credit tax deductible?

please advise, thanks in advance

Answer this Question Ask about Mortgages

« Previous Question | Next Question »

Question Tools	Search this Question
Show Printable Version Email this Page	Search this Question: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Sponsors

Similar Questions
Question	Asker	Topic	Answers	Last Post
Recording Car Loan - prepaid assets and loan payable	jklas	Accounting	0	Oct 17, 2007 06:21 AM
401k primary residence loan	ppauto	Taxes	15	Aug 30, 2007 12:26 PM
1st mortgage and HELOC can we sell?	ngleaves	Mortgages	2	May 11, 2007 08:22 PM
use 401k to pay down heloc	GraceH	Finance	3	Mar 28, 2007 02:17 PM
quit claim and heloc	bethanyjb02	Real Estate Law	1	Mar 8, 2007 08:42 AM



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!