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How to Figure a Home Equity Debt Limit Deduction | Finance ...
The chances of running up against the debt limit for the home mortgage interest deduction are slim because few people carry mortgage debt exceeding $1.1 million. However, the home equity debt limit is significantly lower -- $100,000 for most filers, but $50,000 each for spouses filing separate returns. Home equity debt includes any loan, or portion of a loan, that isn't used for buying or improving your home, but still uses your home as collateral. Whether you've done a cash-out refinance or taken out a home equity loan or line...
Related topics : home equity interest deduction limit / interest home equity loan deductible / home equity loan refinance cash out / home equity interest deduction / loan calculator home equity line of credit
How to Use Vacant Land as Collateral for an Equity Loan ...
How to Use Vacant Land as Collateral for an Equity Loan
Land equity loans are more difficult to obtain than other forms of financing.
How to Get a Home Equity Loan on a House You Are Renting Out
With vacant land, you have money tied up in a property that you may have other uses for. In this case, an equity loan on that vacant land can allow you access to that...
Related topics : line of credit home equity loan rates / line of credit home equity loan / interest rate home equity loan / interest home equity loan / equity home loan rates