Equity Home Loans

Tax deductible? Cash-out refi vs. HELOC vs. Equity loans?

My wife and I are planning a major remodel which will start in around 2 1/2 months...we are having trouble finding info on the differences between cash-out refi vs. HELOC vs. Home equity loans vs. "typical refi" as far as what the differences are as far as how tax deductible they all are (interest paid, etc)...any info or links with info to help us out?

Public Comments

1. Do NOT take any cash out. Read the forms carefully, but you have to "source" your interest on your debt. if you cash out on a loan, you run the risk of paying AMT tax.