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Q. Do home refinancing ever refinance back taxes owed on a home?

A. Keep in mind that you just described the vast minority of home loans these days. I just heard a state that something like 95% of home loans in Dane County, Wisconsin (Madison) have less than 5% down. Most home equity loans and lines of credit are granted without asking you what you plan to use the money for. Thus, I don't see a problem with using the money to pay back taxes. I am, however, curious how you got in a situation where you owe home taxes. If you have a mortgage, most lenders require you to escrow funds for taxes, and the bank pays the taxes for you. If that means that you are behind on your home loan, it might be pretty hard to get a H/E loan.

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I am thinking of doing a home improvement project, specifically, adding a 120 sqft room. I have the cash for doing this. But given the current economic condition, I'd like to have enough cash to sit on for emergency. So equity line of credit as...

I manage my elderly parents finances through quicken. Their current checking account is at Regions and even though they keep about 30k in the account Regions wants $8/month to be able to do more than simply download transactions. Wachovia tol...

I would like to refinance my home equity loan. I am currently paying 8.6 percent but I can refinance it with the same bank for 6.35. That is still a bit higher then what i want. I understand that a 2nd lien on the home has a higher percent but ...

I have just upgraded to Money Deluxe 2006 from Money Deluxe 2004. In the 2004 version, home equity lines of credit were treated as "credit cards" for account purposes. I understand that in the 2006 version, one can classify an account as a "h...

Can someone tell me if the monthly interest on my Home Equity Line of Credit is tax deductible. My initial mortgage is six months old and I already have approx 70K in equity in my new home (primary residence). My income is approx 100K/Year....

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