Update: House Republicans Are Still A Multitude
Because of this, you could possibly deduct the interest paid on a house equity mortgage or HELOC if the funds have been used to “purchase, build or substantially improve” the home that was used as collateral. If you might have a nest egg sufficiently big to pay for home repairs or renovations out of pocket, that’s in all probability the best way to go. You won’t have to worry about owing cash to anyone, damaging your credit score or incurring any interest or charges. That said, make sure to not go overboard and go away enough for a rainy day.…
