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The other loan we have with Wells Fargo is a personal loan. They wouldn't put it through as a home equity loan. Can I still claim it?
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May 31, 2019
5:55 PM
last updated
May 31, 2019
5:55 PM
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The other loan we have with Wells Fargo is a personal loan. They wouldn't put it through as a home equity loan. Can I still claim it?
If you mean can you claim it as mortgage interest, you cannot. To be deductible as mortgage interest it must be secured by an interest in the property (i.e., a recorded mortgage.)
May 31, 2019
5:55 PM
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The other loan we have with Wells Fargo is a personal loan. They wouldn't put it through as a home equity loan. Can I still claim it?
If you mean can you claim it as mortgage interest, you cannot. To be deductible as mortgage interest it must be secured by an interest in the property (i.e., a recorded mortgage.)
May 31, 2019
5:55 PM
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The other loan we have with Wells Fargo is a personal loan. They wouldn't put it through as a home equity loan. Can I still claim it?
OK...thank you
May 31, 2019
5:55 PM
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