No-Equity-Loans

Depending on how you used your home equity loan, there are a number of tax deductions available for your home equity loan interest. The largest deductions are available for home improvements. However, for loans used to consolidate debt or pay for college, you can still deduct interest with some limits. And if you use the loan for investment purposes, you can also deduct interest charges. Home equity loan tax deduction is quite useful, and has several advantages over other types of loans, such as credit card loans or more traditional secured loans. The biggest advantage is that the interest on home ... Read More »