I recently remortgaged and I took out a “home equity line of credit” along with the refinance. I don’t especially need it and don’t have plans to use it, but as the loan agent put it;
“Its free for refinancing with us…. and isn’t it nice to know its there for an emergency?”
‘Well, yea!’ I thought to myself.
I was stunned to find I have to pay mortgage tax on this home equity line of credit, before and, whether or not I ever take the money. Does anyone know, if I never do use this money… can I get a refund of this tax?
Archive for the ‘home equity’ Category
Mortgage Tax On A Home Equity Line Of Credit?
Sunday, February 28th, 2010Can The Person On Title Take A Home Equity Loan?
Saturday, February 27th, 2010can the person on title but not on the loan take a home equity loan? and if so what would the qualification be?