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New Member
posted Feb 19, 2020 5:48:35 PM

Re: Home Mortgage Interest Worksheet, Section F, Item 3 Beginning Balance; What does this refer to?

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3 Replies
Expert Alumni
Feb 21, 2020 7:39:20 AM

It is referring to the beginning balance for the loan at 01/01/2019.

Level 1
Feb 5, 2021 10:20:44 AM

If someone has a HELOC, is this the amount available to borrower?

Level 9
Feb 5, 2021 11:34:36 AM

Yes, the beginning balance of a HLOC refers to the amount that was made available to you when originally applied for the loan.  

 

@gpaulltax