004 - What Tax Law Changes Are Bringing Homeowners in 2018

In this episode, KT discusses: What a home equity line of credit is and how it's changed in 2018Variable interest ratesAdvantage and disadvantages of tax benefitsThe effects on the average AmericanKey Takeaways: A home equity line of credit is a second loan established on your home. It's not your primary mortgage.This line of credit is commonly used for home projects or debt consolidationIn 2018, you lose the ability to write off these interests that you paidAsk yourself, what’s the true expense of what you do and what you save?"Interest on your home equity line of credit WAS tax deductible." - KT Thomas Connect with KT Thomas: https://ktsmoneymatters.com/ Purchase KT's book- The Hardworking Woman's Guide to Money  Learn more about your ad choices. Visit megaphone.fm/adchoices