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Can someone translate this to laymen's English: "Home acquisition debt and grandfathered debt on date debt was last secured by home"?

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Can someone translate this to laymen's English: "Home acquisition debt and grandfathered debt on date debt was last secured by home"?

this is for the Deductible Home Mortgage Worksheet

Can someone translate this to laymen's English: "Home acquisition debt and grandfathered debt on date debt was last secured by home"?

The house is collateral for home and roll over debt.

Can someone translate this to laymen's English: "Home acquisition debt and grandfathered debt on date debt was last secured by home"?

So what value would I put here?

Can someone translate this to laymen's English: "Home acquisition debt and grandfathered debt on date debt was last secured by home"?

Did you ever get an answer to this?

Can someone translate this to laymen's English: "Home acquisition debt and grandfathered debt on date debt was last secured by home"?

Home acquisition debt is the amount of the mortgage that was used to buy the home.

Grandfathered debt is a mortgage taken out before October 14, 1987. It is not limited by the mortgage interest calculations .

ACQUISITION & GRANDFATHERED DEBT

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Can someone translate this to laymen's English: "Home acquisition debt and grandfathered debt on date debt was last secured by home"?

Thanks! So in most cases, wouldn't this be zero?

Can someone translate this to laymen's English: "Home acquisition debt and grandfathered debt on date debt was last secured by home"?

If there has been any refinancing, wouldn't this be the amount of the most recent refinance since it says "..on date debt was last secured by home"?

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