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Reply to "Why not pay down the mortgage?"
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[quote=Anonymous][quote=Anonymous]You are getting a tax deduction for the interest paid per year on your mortgage- so really you are eliminating your own tax deduction.[/quote] You only get the deduction because you are paying taxes. Clearly this dilutes the return so you need to be comfortable with paying down your mortgage and effectively paying yourself a return of 2-3% but it is a risk free 2-3% which is great when mixed with other assets. Saying that you are eliminating your tax deduction is like getting one of those coupons where you save $50 if you spend $200 - I saved $50!!!!!! - nope. You spent $150[/quote]
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