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re: Another question regarding paying down your mortgage...
Posted on 10/5/12 at 9:05 am to OnTheBrink
Posted on 10/5/12 at 9:05 am to OnTheBrink
quote:
do I not automatically gain $4,400 over 30 years? And do I not gain 5.0% on that $1,000 over 30 years?
There is a big difference in today's dollars and dollars 30 years from now. It's a big point that a lot of people miss.
quote:
And do I not gain 5.0% on that $1,000 over 30 years
No. Not as long as mortgage interest is tax deductible.
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