Talk of The Villages Florida - View Single Post - Housing $ situations in the USA
View Single Post
 
Old 08-24-2011, 06:58 PM
784caroline 784caroline is offline
Soaring Eagle member
Join Date: Jul 2007
Posts: 2,436
Thanks: 0
Thanked 6 Times in 6 Posts
Default

If you take out a mortgage to get a tax deduction you are spending $7 to get$3 back.......now having this deduction most likely will alllow you to itemize and add more deductions..BUT this should not be the reason to take out a mortgage.