Cindy and Tim purchased a home in 2023 in the Midwest and they want to also purchase a condo in Florida. They borrowed $450,000 to purchase their home in the Midwest, and the condo will cost them $700,000. How much will they have to put down on the Florida condo in order for the mortgage interest to be completely deductible on both properties?

Answer rating: 100% (QA)

Cindy and Tim already have a mortgage of 450000 on their home in the Midwest They want to pur... View the full answer