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Personal Finances / Credit Cards and Consumer Debt

URL:  http://boards.fool.com/to-your-first-question-the-way-i-understand-it-10192412.aspx

Subject:  Re: 125% Consumer Loans - Date:  5/29/1998  4:38 PM
Author:  PSUEngineerFool Number:  1898 of 308369

To your first question, the way I understand it, only the interest up to 100% of the value of your house is tax-deductable. The interest on the last 10% of your loan will not be deductable. I am not an expert so please consult the tax strategies folder.
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