From: jhupf@mindspring.com
Newsgroups: alt.invest.real-estate alt.real-estate misc.consumers misc.consumers.frugal-living misc.invest.real-estate
Subject: Re: Home eq Loan vs. mortgage
Date: Tue, 26 Aug 2003 00:41:04 GMT

On Mon, 25 Aug 2003 16:40:41 -0400, Pat Meadows 
wrote:

>On Mon, 25 Aug 2003 20:27:43 GMT, HELOC@invalid.net wrote:
>
>
>>
>>When we purchased our present home we paid in full with cash. We then
>>obtained an Home Equity line of Credit of $100,000 based on our equity
>>in the house and subsequently used it to pay college tuition costs and
>>purchase two new cars using the line of credit.  There never was a
>>mortgage on the house other than the Home Equity line of credit.
>
>Is a home equity loan tax deductible in the same way a
>mortgage would be?
>
>Pat

It can be, but you have to check with your tax advisor to determine if
it would be for you.