Mortgage interest limits

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  • Consultant
    Member
    • Mar 2014
    • 38
    #1

    Mortgage interest limits

    Client paid off existing mortgage of $742,000.00 on 5/1/20. Sold home. About the same time purchased another home
    with a $500,000.00 mortgage. All acquisition debt. Is the average balance on this debt over or under the $750,000.00 limit?
    Tags: None
    • Anarchrist
      Senior Member
      • Oct 2006
      • 353
      #2
      under .
      "Taxation is the price we pay for failing to build a civilized society." ~ Mark Skousen

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