Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Should I take out a Home Equity line of Credit?
 
  • Locked thread
SnatchRabbit
Feb 23, 2006

by sebmojo
Should I take out a home equity line of credit for reasons other than home improvement? I read that in order for the interest to be tax deductible, the line of credit has to be under $100,000. Does this mean, the total amount of debt that we wind up borrowing has to be under $100,000 or that the entire line of credit (even if we don't use the entire amount available) has to be under $100k?

* # ¿ Jan 30, 2017 23:28
  • Quote
Adbot
ADBOT LOVES YOU

# ¿ May 4, 2024 19:50
  • Quote
  • Locked thread
The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Should I take out a Home Equity line of Credit?