In case your loan gets to be delinquent, any taxable portion of the exceptional balance and accrued interest might be addressed as taxable money by the IRS. In the event you’re below age 59½, you will have to pay an extra early withdrawal penalty tax. See “Early Withdrawal Penalty Tax” https://homeequityloan12221.glifeblog.com/27283160/manual-article-review-is-required-for-this-article