
I have mortgage amount in $50,000, and credit card debt in $30,000. I am plotting to do cash out refinance and place mortgage & C/C debt together ($80,000). I am just wandering how I can use interest amount on tax deduction. Do I need to track dawn interest amount on $50,000(from original mortgage on home ) or I can not use any interest amount on Cash Out Refinance. Before I make final choice, I would appreciate your advice.



