Ways to cash in on your home equity (and the tax implications)

Source: Michele Lerner, Washington Post (Paid Registration)

Although financial planners recommend leaving your equity untouched until you’re ready to sell your house, many homeowners are tempted by the ready cash. Black Knight, a real estate data analytics company, estimates that $5.4 trillion in home equity is accessible to homeowners. But before you start spending your home equity, remember a recent tax law changed the rules about deducting interest paid on a home equity loan or line of credit.

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