J
johnboy
Guest
Hello I have a morgage on a house I am living in right now. I have also a credit union loan of 60000K. So as you can imagine I need to get rid of this as soon as possible.
So if I refinance this loan and put it under the morgage account are there any pitfalls I need to be aware of.
Do I need to be aware of any tax implications and if I do please let me know what they are?
In two years time I may be moving out of this house and into another house so the house with the morgage will become an investment property. It will be five years since I bought it so it will be okay tax wise to chage the purpose.
I think?
Thank you all for you time and expertise
So if I refinance this loan and put it under the morgage account are there any pitfalls I need to be aware of.
Do I need to be aware of any tax implications and if I do please let me know what they are?
In two years time I may be moving out of this house and into another house so the house with the morgage will become an investment property. It will be five years since I bought it so it will be okay tax wise to chage the purpose.
I think?
Thank you all for you time and expertise