In January $2024,$ Patricia takes out a $$500,000$ mortgage to purchase a main home with a fair market value of $$800,000.$ In February $2024,$ she takes out a $$250,000$ home equity loan to put an addition on the main home. Both loans are secured by the main home and the total does not exceed the cost of the home. During $2024,$ Patricia paid interest of $$7,000$ on the loans and will therefore be able to deduct what amount of the interest paid on her income tax retu