Is home equity loan on a rental property tax deductible?
Written By: admin on October 7, 2009
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I own a home right now where I am still paying PMI. I also have a rental property. I want to take a home equity loan on the rental property to pay-off some of my mortgage so I will not have to pay PMI to my first home anymore. Will the interest I pay on the home equity loan on my rental property be tax deductible?
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