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Returning Member
posted Jun 1, 2019 10:54:06 AM

5 Nov 2017, I signed a binding agreement to refinance to $900K to cover funds already put into a major remodel. The loan closed 12 Jan 2018 . Am I under the $1M max?

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Expert Alumni
Jun 1, 2019 10:54:07 AM

No, mortgages taken out after December 15, 2017 are limited to the interest on $750,000.