One advantage of financing with a mortgage or using a home equity loan to make improvements on your home is that the interest payments are
A) at below market rates.
B) tax-deductible.
C) an asset.
D) the largest part of the payment.

Question

Quizplus · Accepted Answer

Interest payments on a mortgage or a home equity loan for making improvements on a home are often tax-deductible, which can reduce the overall cost of borrowing.

One Advantage of Financing with a Mortgage or Using a Home