Home Equity Loan

Home equity loan vs line of credit loan?

Does anyone know if a home equity loan is somewhat deductible on income tax?

Public Comments

1. i think the interes is on the first 12 months
2. ya its is deductible
3. It is important that if you ask a question about such a difficult subject (these are extremely difficult subjects) that you tell us at least what you want to use the information for.
4. yes the interest paid on a home equity loan will be tax deductible depending on what u use the heloc on, please check with your local tax accountant to see.