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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,837
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Bill, IMHO, that is the correct way of thinking! Stock Brokers & Insurance salesman don't want you to pay off the house because they want you to give the money to them...thus increasing their commissions.
I'd suggest getting another tax advisor...the mortgage interest deduction isn't deducting ALL the interest paid...merely the %age of interest matching your tax bracket. Meaning, if you're in the 28% bracket, you deduct 28% of the interest paid.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
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