Moving Day

[Cougar Bait]

I don't like debt. Borrow as much as possible, yeah that's not me. I put a big down payment on the Benz and paid double payments too in order to pay it off faster.

 

[Dingo]

US mortgage are different than the ones in Canada,American’s can write off the interest ,we can’t unless it’s a rental or commercial.I have heard the debate where it is wise to not pay off a home in the States and invest the funds but I am old school and nothing better than not owning a nickel on anything

 

[Boner_18]

There are worse things than prepaying a mortgage. But in the US 99/100 it's one of the best tax deductions out there. Market rate minus .25-.35/dollar is usually market minus .75-1.25%.

If someone tells me I can borrow today at approx 5.25% I'm not worried about how I'm going to pay it back. I'm worried about how I can figure out a way to borrow the max.

 

[roguejuror]

There are worse things than prepaying a mortgage. But in the US 99/100 it's one of the best tax deductions out there. Market rate minus .25-.35/dollar is usually market minus .75-1.25%.

If someone tells me I can borrow today at approx 5.25% I'm not worried about how I'm going to pay it back. I'm worried about how I can figure out a way to borrow the max.