Owning a house. - Two Plus Two Newer Archives

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Owning a house.

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#11

05-28-2007, 03:43 PM

elus2

Senior Member

Join Date: Oct 2004

Location: vancouver

Posts: 1,609

Re: Owning a house.

[ QUOTE ]
Also the "You can deduct your mortgage" is overrated.

[/ QUOTE ]

You pay about 60k in interest in the first 5 years on a 250k 25 yr loan at 6%. That seems like a substantial chunk to me to be able to deduct.

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