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-   -   Using HELOC to pay-off primary loan? (https://www.askmehelpdesk.com/showthread.php?t=241576)

  • Jul 25, 2008, 11:21 AM
    hotsun
    Using HELOC to pay-off primary loan?
    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
  • Jul 25, 2008, 07:10 PM
    MukatA
    Yes, mortgage interest is deductible if you itemize your deductions.

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