Also, I will have a mortgage on the home I purchased with the HELOC funds (that I am currently living in) even when my 1st house is sold and I pay the HELOC off...
This is the confusing part to me. The house I am selling was the collateral for the HELOC. I used the HELOC funds ($400,000) to purchase the house I moved to in...
What if it was a second home, but only until my 1st home sells (then it will be my primary home. I have already moved to the other house)? At that time I will p...
Thank you for your response. Im still not quite sure I understand.My original post should have said "Can I deduct the interest....". But, what I'm confused on i...
