Can the interest/payment on a home equity loan be deducted as home office expense, the same a home mortgage ? related questions

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Can the interest/payment on a home equity loan be deducted as home office expense, the same a home mortgage ?1hamlet2012-09-16 07:31:04
I have been asked to set up a home office for the benefit of my employer . I will work from home every day . I know I can deduct a portion of my mortgage payment and utlilties of my taxes, but I can deduct my payments on home equity loans ? Should I consolidate both loans to get the full tax benefit ?
If I get a home equity loan over 100000 on my home &buy a condo outside the US is the interest tax deductible0Baybee Cintia2012-10-27 14:50:25
I'm buying a condo in Panama as a second home with money equity loan on my primary residence in the U.S. . I'm worried about the interest on a loan of more than $ 100,000 of a mortgage below 100,000 and I know that would tax deductible
Paid off investment home. Can I take a 1st mortgage on that property or must I go with a home equity loan?2AdskiDeAnus 2012-11-03 11:15:03
My brother and I need money for a business and would like to take a loan against a residential investment property co - owned free and clear. It's our only option for a home loan ? Ideally we would like to take advantage of the lower rates of a standard mortgage .
Which is better? Refinance, home equity loan, or home equity line of credit? To buy a car and remodel home.?1taleen2012-10-06 01:43:03
Which is better ? Refinance , home equity loan or home equity line of credit ? To buy a car home and remodeling . ?
If I purchase a home in all cash would I get a mortgage or home equity loan?4thariq2012-09-21 13:00:04
I'm thinking of buying an investment property with 100 % cash. I can buy the property at 60% of market value . Then plan to take out a loan for 60% of market value . Would you consider a mortgage or a home equity loan ? A mortgage is now about 300 basis points below the equity loan . I have the hope that would be considered a mortgage in the first place because it would not be a position of second lien . thanks
Is a Home Equity Line of Credit or Home Equity Loan used to buy a second home tax deductible beyond $100,000?0confidence2012-11-03 06:41:28
Would a Home Equity Line of Credit or loan used to buy a home be considered a Home Aquisition Debt instead of a Home Equity Debt?
Is it better to buy a new car with a home equity loan or cash? Mortgage interest is tax deductible.?2Georg2012-10-04 02:53:03
Is it better to buy a new car with a home equity loan or cash? Mortgage interest is tax deductible . ?
What happens if I take out a home equity loan with no plans of paying my mortgage or home equity loan back?1micy2012-10-07 02:37:04
This way I will eliminate $ 120,000 I owe my first mortgage and take cash $ 100,000 of equity loc . They can have my house and ruin my credit for $ 220,000. This can not be legal is it? I really would not do this , but my wife can .
How do I use my current home's equity as a down payment for a new home?0Nesa2012-11-06 02:34:03
My current home is paid . No mortgage . = Value of around $ 300k . Desired home appears to be $ 500,000 , which means that we would need at least $ 100,000 for the down payment . We only have about $ 50,000 cash on hand , and do not want to raid pension funds . It's easy to find the requirements , based on income and FICO scores . We prefer to shoot the entire equity in our current home to the new property once you sell now . What are the advantages and disadvantages of the various options for short-term financing ? HELOC , home equity loan , bridge loans , etc. ( Am I missing something ? ) Thanks .
Is there difference between interest on a Home Equity Line of Credit and interest on a Mortgage?0Mamabrenda2012-11-02 15:06:08
For Income tax purposes
Is there help for us to combine our home equity and home mortgage?2Rebekah2012-09-24 11:54:03
I'll try to make this short , it's complicated . We own two commerical buildings , and our home . We've been trying to pay off credit cards for 4 years with consumer credit counselors . Good economy is terrible, I lost my job , and have taken a huge pay cut in my new . Just stop paying in 3 of the 6 cards , so our credit is bad. We have never missed a mortgage payment of any kind ever. Our adjustable rate home equity just doubled in the monthly payment , and we can only see doom. We have a lot of equity in our commercial buildings with an SBA loan , but I would not touch that time ( with our credit probably could not ) . We are going under , and not file bankruptcy for many reasons , I can not . How can we better our cash flow with bad credit ? Can we talk to anyone in the combination of the two mortgages ? ( the first is set at a great price ) . We need help fast! What can we do ?
My tax value on my home has increase. Should I refinance my first home and add the home equity loan?0Rachale2012-09-25 04:28:02
I left the following information about my previous question . The $ 190,000 first mortgage has a fixed rate of 5.375 % and the equity loan in the amount of $ 35,000 has a variable interest rate , currently 12.13% . Please see my previous question for details. Thank you very much for your help! I want to pay my house as fast as you can !

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