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Reply to "At what point would a $6000 monthly mortgage make sense?"
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[quote=Anonymous][quote=Anonymous]We have an HHI of $500k and when I read your post title, but stomach turned. That's a LOT of money. And the bank wants it every month. Our mortgage is $3500 per month and I think that's too much. I'd try for something that would be doable in case the higher earner lost their job.[/quote] How does this affect you at tax time? Since you are not paying a lot of mortgage interest in respect to your combined HHI, is your tax liability substantial?[/quote]
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