Generally,the higher your marginal tax rate the stronger the argument for using a home equity loan,everything else considered.

Question

Quizplus · Accepted Answer

This is because the interest paid on a home equity loan is tax-deductible, and the higher your marginal tax rate, the greater your tax savings will be. However, other factors such as interest rates, loan terms, and your individual financial situation should also be considered before deciding to take out a home equity loan.

Generally,the Higher Your Marginal Tax Rate the Stronger the Argument