Tax deduction and home equity loans in Oakland, California

Normally, the low rate of interest that you pay with a home equity debt consolidation loan is tax deductible if the total loans on your Oakland home do not exceed 100% of the homes’ value. In that scenario the interest you pay is typically fully tax deductible. Still check with your CPA to be sure!

Oakland homeowners take advantage of American Brokerage’s low interest rates on home equity lines of credit and fixed rate second mortgages. Your ability to receive the benefits of low interest rates and the tax deductible interest (check with your CPA) depends upon the equity in your Oakland home. If you need to consolidate debt, make home improvements, or invest in your financial future, now might be the time to borrow from your home’s equity.

Does a home equity line of credit or fixed rate second mortgage make sense? Let American Brokerage help answer your questions, Call 800-874-8760 today and speak with an American Brokerage Equity Mortgage Specialist – Or Apply online for more information on Oakland home loans and get the great service you deserve!