Ok So I maybe I'm missing it, but correct me if I'm wrong, but doesn't having a tax write off that you don't need anymore if you have 15 year note instead of a 30 year term mean your just wasting money for a write off?
Example
1000 bucks per month interest that your not paying taxes on at the end of the year.
But had you of just paid the taxes on that money by paying off your note early, won't that put 720 bucks per month in your pocket instead of a banker pocket for that lower payment but longer term? That is saying your paying 28% to the IRS. Seems to me that a just having write off is great, but sometimes it might be better to pay the government a little bit of money instead of the banker alot of money.
Follow Me? or should I just back out into the shop?
Heck if you want a write off, go buy a 2nd home and rent it out.
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