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June 1, 2019
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The other loan we have with Wells Fargo is a personal loan. They wouldn't put it through as a home equity loan. Can I still claim it?

  • June 1, 2019
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Best answer by bwa

If you mean can you claim it as mortgage interest, you cannot.  To be deductible as mortgage interest it must be secured by an interest in the property (i.e., a recorded mortgage.)

1 reply

bwaAnswer
June 1, 2019

If you mean can you claim it as mortgage interest, you cannot.  To be deductible as mortgage interest it must be secured by an interest in the property (i.e., a recorded mortgage.)

June 1, 2019
OK...thank you