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Not really. Refinancing modifies the terms of your original loan. But the interest is probably still deductible.
A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending institution.You can still deduct the interest on a home equity line, with the below qualifications.
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