Can interest for non-secured real estate loans be tax deductible?
by Mortgage Rates on Thursday, October 14th, 2010 | 2 Comments
-
Mortgage Info
-
Updates
-
Useful Links
-
-
Tags
2010 About article Auctions bank banks best Business buyers change Credit Debt Equity Financial First fixed Foreclosure From good Government Help Home house Housing interest Loan Loans Market more Mortgage Mortgages Need News options qualify Rate Rates refi refinance Refinancing should this Time variable would-
Meta
The interest is not mortgage interest because it is not secured by real estate therefore it is not tax deductible.
It is deductible….Just like the interest on HELOC’s and similar 2nd mortgage instruments are also deductible…