If a second morgage from a primary residece is used to buy a second home is the interest deductible?

I would say yes as the second mortgage is still held over the primary residence as the second property has been secured for cash. The leverage of the primary residence is still covered by the mortgage as the underwritten value of the primary residence is still recognised by the lender. Hope this helps.Dale.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

Related Questions