Is Mortgage Interest Tax Deductible? And how the new tax law affected its deductibility? If you are thinking to obtain a first or second mortgage or line of credit for personal or investment purposes, you may want to read this article.

In this article, we will explain how you can reduce your taxable income by correctly deducting your Mortgage Interest. If you obtained your mortgage on or before December 15, 2017, the new tax law doesn’t change the amount of your deductible mortgage interest. This means the old rules still applies to you!! However, if you