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when to refinance your house using home equity loan to buy rental property Tax Deductions on Mortgage Interest – If your second home is a rental property. by the mortgage remains tax deductible. When homeowners use their homes as a piggy bank and refinance in order to take out equity to generate spending.When Should I Refinance My Mortgage Loan? – Home Buying Institute – If current interest rates are at least 1% (or 2%) lower than the mortgage rate you are currently paying, then it makes sense for you to refinance your home.tips to paying off mortgage faster
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