Are Home Equity Loans Tax Deduction Opportunities?

May 21, 2024January 10, 2024 by HEM Editor

Tax deductibility has been a debated topic in regards to home equity loans and HELOCs since Congress changed the home equity deduction laws a few years ago. Yes, in some cases the interest paid on a home equity loan can still be deducted but you must follow the updated IRS mortgage interest rules. Securing this … Read more

Lending Requirements for Home Equity Loans and Lines

September 14, 2026January 9, 2024 by HEM Editor

What Lenders Require: The Big Picture To borrow against your home in 2026 — whether through a home equity loan or a HELOC — you generally need to meet four core requirements: enough equity, a solid credit score, steady income, and a manageable debt load. Think of these as four legs of a table. If one … Read more