Can you pay the minimum amount (just interest) and write it off at the end of the year?
Does the interest rate on a HELOC fluctuate? Or can you lock on in?
How long can you take to pay it back? I know it varies but is it around 10 or 30 years.
Can you pay the minimum amount (just interest) and write it off at the end of the year?
Does the interest rate on a HELOC fluctuate? Or can you lock on in?
How long can you take to pay it back? I know it varies but is it around 10 or 30 years.
HELOC interest is generally deductible. there are a few exceptions, but if you have to ask the question, they probably don’t apply to you.