Take a look at the HELOC product lines at your bank by Tim McTaggart

What is critical for bankers and their boards is to make sure that their institution is also up to speed on the continued ability to deduct home equity line of credit expenses as part of the overall mortgage interest deduction, to the extent permitted by the $750,000 cap and other related restrictions pertaining to the use in acquiring/expanding real estate improvements. There are more burdens on borrowers/taxpayers under the new requirements but if the taxpayer continues to itemize then interest payments on a residential HELOC may still be available as a tax deduction.

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