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exception to the deduction would be if you refinance with the existing lender. In this case you would have to continue to amortize the remaining points over the life equity home loan nevada the new loan, together with any points paid on the new refinance. Taxpayers who bought $1 million homes expecting a generous tax break could be in for a shock, said Michael Fratanponi, senior director of equity home loan nevada family research and economics at the Mortgage Bankers Association. ``That's going to really bite,'' he said. Rising expenses send some homeowners borrowing from themselves to cover costs. But are borrowers burrowing in over their heads? Mortgage broker Teresa Simmons says the rising popularity of the equity home loan nevada mortgage stems from customers clinging to rates they locked in when they capitalized on their first mortgages. "The second mortgage product is probably going to become more active in the marketplace because people aren`t going to be so willing to give up those fives, nor should they be, to get additional money and access equity home loan nevada equity in their home," Simmons says. "They should take a look at the second mortgage products that are out there before they sacrifice those good rates that they`ve obtained." Nine tax
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