equity loan payments - home » Other – Taxes http://equityloanpayments.com learn all about equity loans Tue, 07 Feb 2012 17:50:44 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Home Equity loan can I deduct from my taxes? http://equityloanpayments.com/other-taxes/home-equity-loan-can-i-deduct-from-my-taxes/ http://equityloanpayments.com/other-taxes/home-equity-loan-can-i-deduct-from-my-taxes/#comments Tue, 20 Oct 2009 04:13:32 +0000 http://equityloanpayments.com/?p=106
bhs6565 asked:


When I got the home equity loan 4 yrs ago it was for 20% over the value of the home and I used not deduct the intrest from the loan on my taxes. In the last 4 yrs the home value has gone up and both my mortgage and equity loan have gone down. I am below the value the home now and was wondering if I can now deduct the interst from my taxes. My last apprasial 5yrs ago is for about what the loans are for, but I am doing a refi and getting a new apprasal this month which will be for much more then the current loans are. In other words can I use this appraisal this month as proof that the loans are less then the value of the home for the 2007 tax period.

Theresa
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