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refinancing a morgage is simple enough. you take out a loan called a morgage to pay off your previous morgage.

but in my case, i'm taking out a home equity loan to pay off the morgage. And apparently the IRS sees morgage and home equity loan as 2 different animals. will there be a red flag because i'm deducting interest on a 200k home equity loan? in other words, any complications w/the irs by doing it this way???

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