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Welcome to SportTrac.Org
Off Topic Discussion
Mortgage Questions
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<blockquote data-quote="Bill V" data-source="post: 767603" data-attributes="member: 54538"><p>TJR, well said throughout. Especially when you consider that if you invest the money and get 10%, rather than paying off the 5% mortgage, not only are you getting a better return, but you also can deduct the mortgage interest on your taxes. If you pay off the debt, you lose out on both the 10% return and the mortgage deduction, and just get 5% return.</p></blockquote><p></p>
[QUOTE="Bill V, post: 767603, member: 54538"] TJR, well said throughout. Especially when you consider that if you invest the money and get 10%, rather than paying off the 5% mortgage, not only are you getting a better return, but you also can deduct the mortgage interest on your taxes. If you pay off the debt, you lose out on both the 10% return and the mortgage deduction, and just get 5% return. [/QUOTE]
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Off Topic Discussion
Mortgage Questions
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