Just as the IRS allows for an acquisition mortgage to be placed within 90 days of closing on a new home purchase for cash buyers (the "90 day rule"), is there a similar rule for a refinance? For example, if an individual pays off their acquisition mortgage & then takes a new loan 30, 60 or 90 days later... In what situation would it still be considered acquisition debt vs. home equity debt?
USA IRS Acquisition Debt rules for Refi
- Thread starter Nic007
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