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Deductions & credits
The mortgage can count as acquisition debt so long as it is secured by the home and perfected -- this usually means it must be listed at the county clerk's office as a lien on the property. A personal loan would not count, even if used to buy or build a home. And the loan must be obtained within 90 days before or after you completed construction.
‎February 5, 2021
11:56 AM