The $15,000 levy credit within the stimulus.Would I catch that if I refinance? The loan is home equity to a mortgage.?
Answers:
Yes, the way it reads presently, existing home owners can refinance and take the credit. It is 10% of the loan though, up to 15k, not 15 specifically.
If your loan was smaller amount then 150k you would not receive the full credit.
Very unlikely, I believe the point of the credit is to get more individuals to BUY homes, rather than help out inhabitants who already jumped into that decision.
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