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Deductions & credits
The reason you want to use the original lender is because mortgage interest is only deductible on the original loan.
https://www.irs.gov/publications/p936 No matter when the indebtedness was incurred, you can no longer deduct the interest from a loan secured by your home to the extent the loan proceeds weren't used to buy, build, or substantially improve your home.
@mpinne
March 4, 2021
7:17 AM
2,703 Views