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Money and Finances
Reply to "15 year vs. 30 year mortgage"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] "Never understand the mindset of people who wants to pay more interest so they can deduct it come tax time... " This is a point our accountant often makes to us. [/quote] Why give it to the government when we can give it to the bank? That will be better for the country, right?[/quote] I think you're missing the point. With less interest, you give less to the bank. Even if your taxes are slightly higher because you can't deduct all that interest you're not paying, you still end up with more in your pocket at the end of the day.[/quote]
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