Devon is single. He took out a $575,000 mortgage to purchase a main home in March 2021. The home has a FMV of $950,000 and the loan is secured by the home. In April 2021, Devon took out a home equity loan to renovate the home. He used the main home secure the mortgage loan of $175,000. Which of the following is correct? 

a) The mortgage interest for the renovations is not deductible because the main home cannot be used 

b) Both mortgage loans are secured by the main home and the total of both mortgages does not exceed $750,000; therefore, all of the interest paid on both mortgages is deductible. 

c) The home equity mortgage loan interest is not deductible because the loan was not taken out at the same time as the purchase.

d) The home equity loan is not deductible because Devon didn't wait at least six months before securing the loan.

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