“I could pay mine off tomorrow but am pleased as could be that they will loan me money below 5% fixed for 30 yrs and let me deduct the interest.”
Keep in mind that in essence this would mean that you are sending the bank $10K to avoid sending the gov $3K. (yes, the numbers are examples only.)
Don’t forget I have the use of the borrowed money (the principal that I took out). Based on my 40 yr investing record (thank you Lou Rukeyser) I sleep well at night.
You ruin the conversation when you come in with actual indisputable logic.