What counts as a mortgage for tax purposes?

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I’m considering asking for a $ 50,000 loan from family to help me make a $ 100,000 down payment (in order to avoid PMI). This loan would accrue interest and I would make payments on it like any other loan… Could the interest be tax deductible?

If not, is there another way to go about this that would be effective?

We will be happy to hear your thoughts

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