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2. IRS Form 1098: Mortgage Interest Statement - AOL

   www.aol.com/finance/irs-form-1098-mortgage...

   You should receive a Form 1098 Mortgage Interest Statement for each mortgage you have outstanding. So if you have a primary mortgage and take out a second mortgage in the form of a home equity ...

3. Are home equity loans tax-deductible? - AOL

   www.aol.com/finance/home-equity-loans-tax...

   Joint filers who took out a home equity loan after Dec. 15, 2017, can deduct interest on up to $750,000 worth of qualified loans ($375,000 if single or married filing separately). The money must ...

4. How Is a Home Equity Loan Calculated? - AOL

   www.aol.com/finance/home-equity-loan-calculated...

   A home equity loan is a loan that's secured by the equity value of your home. Equity represents the difference between what you owe on the mortgage and what your home is worth.

5. How to calculate your home equity — and how much of it you ...

   www.aol.com/finance/calculate-home-equity...

   Step 1: Estimate your home’s value. Calculating equity starts with identifying the property’s market value. You can find out how much your home is worth using a number of methods. Online home ...

6. Personal loan vs. home equity loan: Which should you use for ...

   www.aol.com/finance/personal-loan-vs-home-equity...

   Personal loan. Home equity loan. Rates. 8% to 36%. Varies based on the prime rate. Loan amounts. $2,000 to $50,000. Up to 85% of your home’s value. Minimum credit score. 670. 680. Repayment ...

7. Should you use a home equity loan to remodel or ... - AOL

   www.aol.com/finance/home-equity-loan-for...

   Benefits of using home equity for remodeling. Home equity loans offer competitive interest rates, potential tax benefits and larger loan amounts, making them a useful way of paying for renovations.