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hotsun
Jul 25, 2008, 11:21 AM
If I use my "home equity line of credit" to pay off my primary mortgage loan on the house (currently living in), is the interest I pay on the "home equity line of credit" tax deductible?

Please advise, thanks in advance

MukatA
Jul 25, 2008, 07:10 PM
Yes, mortgage interest is deductible if you itemize your deductions.