If I have a new home loan capital one mortgage payment tax deduction of $ 100,000 ceiling is limited?

Deal Score0

If I borrow more than $ 100,000 and pay my first mortgage, the source and basically I’m the first in my Home Equity Loan Mortgage, but I’m not sure if I deduct all interest until that the total capital amount I borrow. In general, home equity loan can deduct tax on interest on the loan amount up to 100,000 Dollar.Ich a mortgage with no cost with lower borrowing costs, the easier it is that n ‘any program that I found in the mortgage market, can be found.

3 Comments
  1. Reply
    17 Weeks with Baby #1
    February 22, 2011 at 6:42 am

    you need to contact a qualified CPA…don’t skimp on this as it can lead you in to some serious problems. I would also contact more than one to see which one is more qualified. Good luck.

  2. Reply
    Sarah
    February 22, 2011 at 6:58 am

    I am sure that it will apply in your case too! That is just a refinance…… how are you saying it is different from one? Your equity would have to be a lot more then your loan pay off amount or your home will not appraise in this market!

  3. Reply
    Brian A
    February 22, 2011 at 7:08 am

    I am sure that limit still applies. I am trying to figure out your angle here though, i.e. why you wouldn’t just refinance the 1st mortgage. Surely you could get a better, fixed rate.

    Leave a reply

    Register New Account
    Reset Password