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A Substantial Improvement is one that improves or maintains your home's value. Loan proceeds used for other purposes, such as paying off credit card debt or going on vacations, would not qualify for the mortgage interest deduction.
A Substantial Improvement is one that improves or maintains your home's value. Loan proceeds used for other purposes, such as paying off credit card debt or going on vacations, would not qualify for the mortgage interest deduction.
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