Leo Loomie quoted in MortageLoan.com
July 17, 2019Leo Loomie, SVP, Client Development at Mphasis Digital Risk, was quoted in MortgageLoan.com in the article titled “Using home equity to buy a second home”, talking about tapping equity for a second home.
Commenting on interest rates and tax deductions for a cash-out refinance loan, Leo said “Interest from cash-out refinance of an existing first mortgage is a tax deduction and can allow for more interest to be deducted as opposed to obtaining separate financing for the second home”
Read the full article here
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