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The couple borrows $ 1 2 6 , 0 0 0 , and the loan is secured by their home. The credit union calls the
The couple borrows $ and the loan is secured by their home. The credit union calls the loan a "home equity loan." Lewis and Laurie use the loan proceeds to add a room to their home. The couple pays $ interest on the loan during the year, and the couple files a joint return.
The couple borrows $ and the loan is secured by their home. The credit union calls the loan a "home equity loan." Lewis and Laurie use the loan proceeds to add a room to their home. The couple pays $ interest on the loan during the year, and the couple files a joint return.
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