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    hotsun's Avatar
    hotsun Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Jul 25, 2008, 11:21 AM
    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
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

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