There are some amazing ways that you can save money if you know what you are doing. If you are financial savvy you may have seen the videos surfacing about why you should not pay off your mortgage. The general premise is that keeping your mortgage means that you can claim more tax deductions why investing the money you would have been spending on paying off the mortgage. This may seem like a good idea, but the math does not work out. In this video, you will learn why this is a terrible idea.
New home constructions will cost you a pretty penny. In fact, any home will likely require that you take out a loan. This can cause headaches down the line as you have to keep making payments. However, these headaches can be taken away if you make your regular payments and work to pay off the mortgage early. This will end up saving you money. The issue with the idea of saving the mortgage for tax deductions is that most people take the standard deduction rather than itemized deductions. Plus, there will always be unexpected expenses and people are simply not going to have enough money to invest the extra money.
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