Posted on 11/18/2014 8:53:03 PM PST by 2ndDivisionVet
I know the feeling. We did 2.375% for 15yr. Resulting payments were nice...but the mortgage interest deduction at the end of the year is practically nil.
But still, if the MID is eliminated, that will pull a lot of money out of homeowner’s pockets...and, at least mentally & emotionally, give buyers a reason not to buy a home.
Heck, I’m even trying to convince the missus to sell, bank the equity, and rent...and be poised to run.
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