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andsha
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I refinanced my home mortgage to put a new roof on it. Is that considered pulling cash from a loan when refinancing?

 
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I refinanced my home mortgage to put a new roof on it. Is that considered pulling cash from a loan when refinancing?

If your refinance was for more than you owed on your original mortgage and you used the additional money to improve your home it is a cash out but the interest payments are deductible. 

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I refinanced my home mortgage to put a new roof on it. Is that considered pulling cash from a loan when refinancing?

If your refinance was for more than you owed on your original mortgage and you used the additional money to improve your home it is a cash out but the interest payments are deductible. 

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