https://www.forbes.com/advisor/mortgage ... investing/youthathletics wrote: ↑Thu Sep 16, 2021 5:51 pmThe issue, is that itemizing is harder these days, as I understand it. With the Standard Deduction now being $25,100 filing jointly, your home mortgage really does not help you, as it did in years past.MDlaxfan76 wrote: ↑Thu Sep 16, 2021 5:21 pm Seems to me we're a bit off topic?
If we're giving financial advice, I think someone, prob Geneva, did make the point that home mortgage interest remains one of the most affordable ways to have debt, with the double bang of being deductible (up to a point), so if someone has ANY debt, this would probably be the best type to have. Pay off all the credit cards etc first.
Which isn't to say that if I sold my business for enough bucks, I wouldn't take great pleasure in extinguishing ALL my debts, including mortgage...but a financial advisor might well then tell me to take out a mortgage up to the break point for deduction and let that roll along, take the cash and invest in something with a solid shot at further appreciation.
Love to have that problem. First world as they say!
FYI