Best. Move. Ever.
Financial planners don't agree because how can they make a living if you're not invested. Bankers also will tell you to leave it in the bank but of course they have a vested interest as well.
Come what may you have a roof and that ain't a bad thing.
Quoting: King Solomon 36478979 Thank you, I still feel a little shaky. . .
We asked out tax guy, and
he said the interest money we would save on the loan was enough from his angle to justify losing the mortgage interest writeoff.
That might tell you how little I earn. . .hehe.
The lower your tax bracket, the less a tax loophole means.
Because it won't save you much.
Now a tax CREDIT is great for lower income people, like the earned income tax credit. It saved my hide once or twice.
I agree financial planners need some money to plan with, and if you don't have it, well, it is harder to plan.
