If you use married filing separate status, the limit is halved to $500,000.Under a second grandfather rule, the TCJA changes do not affect qualified residence interest deductions on up to $1 million/$500,000 of home-acquisition debt that you took out before 12/16/17 and then refinanced later — to the extent the initial principal balance of the new loan does not exceed the principal balance of the old loan at the time of the refinancing.Home-equity debt treated as home-acquisition debt: Say you spent or spend the proceeds of a home-equity loan to build, buy, or improve your first or second personal residence.

Are you looking to buy down the rate, or reduce your balance to remove mortgage insurance? 

Almost as if it was it's own 1/4 acre lot.Here are the numbers:Value 105000Balance 78000Rate 6.625----------------------------------------------------------------------------------New Mortgage - 105000 New Payment Payment (PITI)   850/mo (current 730)Cash Out 25000 (Accounting for 2000-3000 closing costs rolled into new loan and what the balance will be in several months)25000 to build a garage with 1(2?)

The loan from the exact same bank at the first of the year was in line with what the rates were in Dallas, so I figure this one was more or less in line.End of the day, I think we are in a interest rate rising environment, imo its time to lock in long term debt,  clean up the personal balance sheet, sell marginal properties and be very selective on purchases.I know we are being a lot more selective in the offers we make.

Hello, I am a new wholesaler & I have a motivated seller with a home in the beginning stages of foreclosure, whose balance on the home outweighs the ARV.

@Don Ireland, I just listened to a podcast about this last night and the interest rate on the HELOQ doesn't really matter because the HELOQ is calculated as an average daily balance, you are paying less every month, and your balances go down quicker. 

All that is required for proof is a screen shot of you current bank info with your name on account showing a balance greater then the offer and with account number blocked out.

Think those tax deferred investments in the regular market are an important part of a balanced portfolio.

My loan balance after closing was $40k. 

However, if you look at the supply closely, the inventory is still considered extremely low.  6 months supply is a balance market.