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Mortgage for newly custom build home
If a newly constructed home was completed in 06-2020 and was self financed by the homeowner to build and a mortgage was acquired on the home in 06-2020 to pay off the self financed construction loan, is the mortgage considered a mortgage to purchase the home? Or, is the mortgage considered a home equity loan? Are the mortgage interest and points deductible?
ā€ˇFebruary 4, 2021
9:54 PM