Are closing costs on a home equity loan excise deductible?

Answers:
You should not be charged closing costs for a Home Equity Loan. Shop elsewhere if that's what the bank is telling you.
In most cases the answer is no. If you obyained the funds to sort an improvement to the residence or to but a second residence then the answer would be yes.
Any points remunerated can be written off evenly over the life of the loan.

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