The perfect MP3 player
tdmorris at gmail.com
Mon Sep 19 13:29:54 MDT 2005
On 9/19/05, Dennis <devel at muhlesteins.com> wrote:
> Get a home equity line of credit (with a fixed interest rate) for 100%
> of the value of your current mortgage. Then use the equity line to pay
> off your mortgage. You now only have an equity credit line payment and
> no mortgage.
Doesn't this eliminate the posibility of using mortgage interest as a
tax deduction? Did you factor that into your plans?
I'm just trying to understand how this would work. I've never heard
of such a strategy.
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