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How to Qualify for a Mortgage With Assets and no Income. – Since the Qualified mortgage rules require lenders to verify your income, it seems like you can’t get a loan. However, you are in luck, because there is a way. It’s called the Asset Based Loan
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is home equity interest deductible Publication 936 (2018), Home Mortgage Interest Deduction. – However, any interest showing in box 1 of Form 1098 from a home equity loan, or a line of credit or credit card loan secured by the property is not deductible if the proceeds were not used to buy, build, or substantially improve a qualified home.
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