Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

I hope to pay off my mortgage soon so I wont be getting that deduction on my primary residence

Nov 18, 2016 11:35 PM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I don't see it doing anything.  Never have a client talk about these deductions as a reason for buying

Nov 19, 2016 01:49 AM
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

There is a valid reason for not paying off a mortgage.  If you can earn a higher return than the interest charged, it may be worth not paying off.  There are lots of relatively low risk preferred stocks issued by companies with excellent balance sheets that pay 6-7% interest. 

Nov 19, 2016 03:44 AM
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

The mortgage interest deduction is definitely oversold in our business.  You and I are like minded there.

Nov 19, 2016 04:57 AM
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Featured in the group:  BARTENDER, MAKE IT A DOUBLE.

Nov 19, 2016 04:58 AM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Mike

I agree with you and Chris Ann and your post has been featured to the group:

EXPRESS WITH WORDS AT ACTIVERAIN

Bgpic09212009022557 l

Nov 20, 2016 08:50 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

I can't say that I have clients that really ask questions or discuss this feature and benefit of homeownership, Mike Carlier.  Most find it beneficial come tax time ... and it may figure in on their list of positives aspects of buying.  But a primary reason for purchasing?  I've never found that to be the case ...

Gene

Nov 28, 2016 02:11 PM