KPIX CBS Overnight News December 20, 2017
Have a larger amount than that. The existing loans that are in place right now, will be grandfathered in. There are other impacts on homeowners as well . There are big changes to how the treatment of home equity lines and home equity loans are going to be handled in the future. Right now you can deduct interest on that. So, going forward, you will not be able to do that. For both existing and new loans. Now this is important, because, i think many homeowners use these as life lines, used to pay down credit card debt, maybe a tuition payment, emergency in your home. Theyre low interest alternat...