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Reply to "Buying vacation house: better to get mortgage for 2nd home, or take home equity loan on primary res?"
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[quote=Anonymous][quote]From a tax perspective, is it better to get a mortgage to buy the beach house? Or is it better to get a home equity loan on our primary residence, and use that loan to buy the beach house? [/quote] The answer is, it depends. This is tricky stuff for your accountant. I do like pp's strategy that mortgages the beach house, leaving your primary residence out of harm's way should things go south.[/quote]
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