Home equity loan vs line of credit loan?

Posted on Oct 26, 2012 in Stated Income Loans

income vs home loan
by micah rich

Question by Richard H: Home equity loan vs line of credit loan?
Does anyone know if a home equity loan is somewhat deductible on income tax?

Best answer:

Answer by Lindsey
i think the interes is on the first 12 months

Add your own answer in the comments!

4avg.rating 10 votes.


  1. ya its is deductible

  2. It is important that if you ask a question about such a difficult subject (these are extremely difficult subjects) that you tell us at least what you want to use the information for.

  3. yes the interest paid on a home equity loan will be tax deductible depending on what u use the heloc on, please check with your local tax accountant to see.