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Deductions & credits
Thanks, but I knew that. The question was specifically if I re-refinance the entire amount. Now, the first refinance is paid off and a new loan is substituted. Does the same cash out rule apply, even though the loan is gone?
If yes, then does that mean a person who owns a home free and clear can never use it as collateral and deduct the interest?
‎January 26, 2021
1:17 PM