[snowbank]

There are many more benefits than that though. You can't write off 100% of your interest, but you can't use any of the equity in your property if you don't take the equity out. If you invest at all, you should be able to make more on your money than you would have to pay to borrow your equity. It is much better to have a mortgage, but only if you were going to use the money for something. If you were just going to put the money in a safe, obviously your better off not having a mortgage, but basically anyone who's even partially an investor wants to have a mortgage. Leverage is key.