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    dhoneycutt's Avatar
    dhoneycutt Posts: 1, Reputation: 1
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    #1

    Feb 15, 2009, 04:15 AM
    Tax benefit on mortgage interest
    Does the tax benefit you receive on mortgage interest outweigh just paying off the loan?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Feb 15, 2009, 07:06 AM

    It depends on your circumstance. How much interest you are paying, what your income is, how much you have in other deductions. There are two many variables to answer you accurately.

    But generally, if you compare what you can earn on the money versus what the loan costs, you will usually be better off investing the money then paying off your mortgage.

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