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March 20, 2025
Question

how do I know if my loan is a heloc by looking at my 1098?

  • March 20, 2025
  • 1 reply
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1 reply

KrisD15
March 20, 2025

You can't, that's why the program needs to ask. 

If you took a loan out to buy a house, it is not a heloc.

If you later borrow on the equity you have on the home, it is. 

 

Only you can answer this, or if you are unsure, ask the bank or lender that you pay.

 

HELOC is Home Equity Line Of Credit.

 

HERE is more information about what a HELOC is 

 

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