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Quote Of the Week: The Home Equity Loan Is Dead

Bad news for Americans who have borrowed $448 billion in home equity lines of credit. It’s official. The new Tax Cuts and Jobs Act, just signed into law by the President, has killed the home equity deduction as of January 1, 2018.  “There is no grandfathering,” points out Greg McBride, chief financial analyst at Bankrate.com. “A […]

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