I used my first home equity loan to replace the roof on my house. I still pay that loan even though I used it up. I already claim the interest of this loan. I took out a second home equity loan for a medical procedure that I ended up not needing (side saga I wont get into). I have not spent anything of this loan yet and I will most likely use it for more home improvements (fence, power wash and paint, new floors, etc.). Since I have not spent any of this loan, should I skip claiming it? Can I claim it later on if I do end up using it for home improvement?
