new home equity loan rules

Prior to 2017, interest from debt on a residence could be deducted whether it was from a mortgage or home equity. IRS rules,” she said. That means rolling your HELOC into the refinance could impact.

Requirements For A Home Equity Line Of Credit (HELOC)? The new 80 percent cap matches the rules established by Freddie Mac and Fannie Mae for conventional loan cash-out refinancing. measure to make certain that we protect and preserve the home equity.

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