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Home equity is the dieenrffce between what you owe and current appraised value. Depending on your credit score you may be able to borrow up to 125% of your homes value. There is a fixed amount 2nd mortgage. You get a fixed amount when you take out loan. Usually at a fixed rate. Then there is the equity line of credit. Where you are approved up to certain amount. Then you write checks up to that amount. These loans typically are adjustable rate and part you borrow may become fixed at the time you write check.Interest and maybe some closing cost can be tax deductible. Ask your CPA / tax preparer. Don't ask loan officer. A lot of them don't know and/or will tell you what you want to hear to close the loan deal.

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Q: Sales tax on automobiles purchased from individual in Tennessee?
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Related questions

What is sales tax on used vehicles purchased in Tennessee?

6%


Do you pay sales tax purchasing a used car in Tennessee?

Yes, there is a sales tax on cars in TN. If you purchase your car from a licensed dealer, they will collect the sales tax but if you purchased your car from an individual you will be responsible for the tax when you register your car in your county.


Texas sales tax used car purchased from a dealership?

I believe the sales tax is the same if you buy from a dealership or from an individual - $6.25%.


You purchased a car from an individual how much will the sales tax be when you go and get the tag?

It ca be different for every car


Where do you find out what you paid in sales tax on a used vehicle in Tennessee?

This information will be found on your Bill of Sale. It should show the vehicle purchased, VIN number, sales tax, and the total paid.


What is utha's sales tax on automobiles?

92000


What is the sales tax on automobiles in MN?

It's a 6.5% tax on both used and new automobiles.


What is the used car sales tax in Tennessee?

According to Infiniti in Knoxville it is 7%. As of July 15, 2002 the sales tax on automobiles new or used in Tennessee is as follows: 7% of the purchase price BEFORE the application of any rebates, plus whatever the local option sales tax is on the first $1600 of the purchase price, plus an additional special state sales tax of 2.75% on the second $1600 of the purchase price. This information comes from a document published by the Tennessee Department of Revenue in January 2008.


Tennessee Sales Tax?

What is the sales tax on used cars in Tennessee up to 1 $14000?


Do you charge sales tax on labor in Tennessee?

do we need to charge sales tax on labor in nashville tennessee


How much is auto sales tax in leandEr texas?

Sales tax on automobiles in Texas is 6.25%.


What is Tennessee's sales tax percentage?

Tennessee's state sales tax is 7.0%. More sales tax can be added in certain cities and counties.