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Old 04-28-2005, 04:00 AM
eastbay eastbay is offline
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Join Date: Nov 2003
Posts: 647
Default Re: How to be Setup for Life ?

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If I'm not mistaken, the tax benefits of having a mortgage only apply to the amount of interest paid. Why would you pay $X in interest to avoid paying only a percentage of $X in taxes. Sounds -EV to me. Pay off the mortgage.

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If you can invest the money elsewhere for a better return than your interest minus tax breaks, it's a net win not to pay it.

eastbay
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