Thank you @Critter . I have never taken high margin interest, so I wouldn’t know where to put it (schedule A, as you explained).
Let me ask you this. If my motives for getting cash-out are to reduce interest rate, *AND* have liquidity for emergency, can I apply mortgage interest in excess funds, to offset gains on interest income from CD’s (schedule B)? They don’t have favorable tax treatment unlike stocks and dividends.
Appreciate your insights. 🙏🏽
