just refinanced my house -- saved $215K -- worth a look --

[turbo36]

any meaningful numbers?

$215K is money that was never spent so hard to count that as "saved"

ie i saved $8.5 million by not buying this last month

impressive no?


Instead...whats the difference in monthly payment? paying more per month or less?

Man you sure get points for style!

 

[dooleysm]

Why not?

I'm guessing the same reason it's not deductible for us. Our interest payments are low enough that the standard deduction is higher than what we can itemize. For us mortgage interest was by far the biggest deduction. It's a good feeling to be so close to paying off our mortgage, even though we take a bigger hit on our taxes. We just keep having more kids to make up for it

 

[turbo36]

I'm guessing the same reason it's not deductible for us. Our interest payments are low enough that the standard deduction is higher than what we can itemize. For us mortgage interest was by far the biggest deduction. It's a good feeling to be so close to paying off our mortgage, even though we take a bigger hit on our taxes. We just keep having more kids to make up for it

So it wasn't that he couldn't deduct them it was that it was a better deal to take the standard deduction.

I thought perhaps it was due to the AMT.

 

[scoutcub]

any meaningful numbers?

$215K is money that was never spent so hard to count that as "saved"

ie i saved $8.5 million by not buying this last month

impressive no?


Instead...whats the difference in monthly payment? paying more per month or less?

hey......think I saw Tiger on there......