Doesn't OP already have a mortgage and pay mortgage interest?
ksgill wrote: ↑Mar 14th, 2018 12:58 pmI could never understand the logic behind paying $11,858 in interest to get a $5597 back in taxes. This means that you end up paying ~$6261 per year more (vs not having mortgage interest - $11,858 minus $5597 tax deduction).
I have heard similar logic around keeping student loans around for a long period of time. The truth is that unless you are getting really good returns in this period, there is very little point to these shenanigans. Am I missing something?