is interest on a chattel mortgage tax deductible 
the interest paid on a chattel mortgage may be deductible just like interest paid on a conventional mortgage when financing a manufactured or modular home fixed to the ground borrowers may also be able to take advantage of property tax deductions 9the bottom linea chattel mortgage is a loan to purchase movable personal property such as construction equipment or a mobile home chattel mortgages often carry higher interest rates and have fewer consumer protections than traditional mortgages if a borrower defaults on a chattel mortgage the lender can repossess the property or equipment 