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BB&T Corporation Message Board

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  • inlet_boater inlet_boater Oct 9, 2011 4:33 PM Flag

    investment options and your opinion

    Why would you use home equity instead of borrowing agaist the rental property where you get to write off interest as an expense against rental income? Even if you are in a position of taking a standard deduction you STILL get to write off the interest if the loan is against the rental property.

    Refinancing the home at a lower rate to reduce your cost is an entirely different question.

 
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