Sentences with phrase «equity line rules»
After a tumultuous course of revisions as a bill, the Tax Cut and Jobs Act has brought forward several key changes to the rules that dictate your deduction, including changes to property taxes, interest deductibility, and home equity line rules.
https://www.apexhomeloans.com/ Not exact matches
These rules don't cover loans to build or buy your home, home equity lines of credit (similar to revolving credit accounts), or reverse mortgages.
As the FTC says, HOEPA «rules do not cover loans to buy or build your home, reverse mortgages or home equity lines of credit.»
As a rule, loans as well as lines of credit of such kind are limited in their amount to the 85 % of the equity in your house, but the sum you finally get still depends on the borrower's income and credit score.
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• The final rule will apply to most closed - end consumer mortgage loans; it will not apply to home equity lines of credit (HELOCs), reverse mortgages, or mortgages secured by mobile home.
These points - deductibility rules also apply to home equity loans or home equity lines of credit.