I have been told that it is a better financial move to keep a mortgage balance rather than pay it off, because of the tax deduction. Can someone ELI5 why this is the case? If the tax deduction is only on a percentage of income and you are still paying interest on the principle I don’t understand why someone who has the capital wouldn’t want to pay off the mortgage and then invest the previous monthly payment in a low risk security. Any further explanation would be appreciated.
Submitted June 03, 2018 at 09:25AM by Hand_of_Belmont https://ift.tt/2sCOzTc
