Typically, you may use the loan proceeds for any legal purpose. If you borrow more than $100,000, and use it for other than home purchase/improvement purposes, you may not have complete tax deductibility. Always consult your tax adviser.
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Typically, you may use the loan proceeds for any legal purpose. If you borrow more than $100,000, and use it for other than home purchase/improvement purposes, you may not have complete tax deductibility. Always consult your tax adviser.
