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Money and Finances
Reply to "$300k windfall"
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[quote=Anonymous][quote=Anonymous]to everyone saying "pay off the mortgage", isn't it better to keep some sort of mortgage so you can write off the interest? I mean, sure, knock it down a bit, but a $100k mortgage at a low interest rate means tax savings in most situations, as opposed to a fully paid off house, no??[/quote] It lowers your effective interest rate, but you are still paying more than you would with no mortgage.[/quote]
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