Sentences with phrase «deductions against a line of credit»

Not exact matches

Therefore, your interest deductions for a home equity line of credit depend on whether you borrow against the equity during that year.

Following the deduction of the upfront fees and the payoff of the existing mortgage (a Reverse Mortgage borrower must always pay off any existing mortgages and other liens against the home), the borrower in our Reverse Mortgage example is left with the following amounts available in the form of lump sum cash or line of credit.