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Old 03-31-2019, 09:24 PM
Transplant Transplant is offline
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Originally Posted by villagetinker View Post
OK, 6 years ago this was a no brainer, interest rates (for mortgages) was at 3% (15 years fixed), rate of return on investments well over 5%, and there was still a way to deduct home mortgage interest. ALL of this has changed, we took the mortgage, and have come out ahead but I doubt that same scenario would work today, too many things have changed, we can no longer write of home mortgage interest, home mortgage rates are higher, and investment yields seem to be lower. As I stated in the chit chat lounger, talk to your financial advisor, there are lots of things to consider.
You can still deduct mortgage interest on mortgages up to $750K, 15 year rates are 3.5% and the first quarter of this year a return on a 60/40 portfolio earned 9%.