I currently have a home mortgage. I just bought land to build a new home on. Can this interest also be deducted from my taxes or is only my home mortgage interest deductible?
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Do they still have to obtain their own copy of my credit report?
This is for a home mortgage loan; first time buyer.
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is it possible to get an FHA home loan to buy land? You could then borrow against the land to fund your plotting to build a house.
Any thoughts would be appreciated
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