Thank you so much @DavidD66
if I may, two quick follow ups...
1) if I have expenditures that qualify PRIOR to closing (ie 1-4 months) of the refinance that I have paid in cash/credit card for, can I claim them as a part of the deduction
2) if I end up using less than the full cash out amount and then pay he loan down by that amount (ie take out $200k but end up only needing $150k so pay back $50k to bring loan balance down) will I still be able to fully deduct the interest? Given that the prepayment likely won’t be a recast of the loan but rather end up shortening the term on the back end, I am unclear if I can fully deduct the full interest.
thank you!
