I had originally purchased this property in Feb 2017 and have re-financed it couple of times already. Last year I was able to get the entire deduction even when the amount was higher than $750,000.
I don't think the rules have changed either in this scenario. I believe the rule of $750,000 does not apply to properties purchased before Dec 2017. (No?)
Details of both of my mortgages are below -
Mortgage 1 -- Loan Origination Date 06/28/2017. Interest paid on it for TY2020 - $16,820.77. Interest rate -- 3.875%. Pay off amount $763,101.00.
Mortgage 2 -- Loan Origination Date 06/15/2020. Interest paid on it for TY2020 - $10,013.34. Interest rate -- 2.93%. (This is re-financed new loan). This re-finance is a simple rate/term re-finance. I did not take any cash/equity out during the re-finance. Loan amount $765,000.00
@NCperson-- Is this what you were looking for?
