I was reading something the other day wherin it was saying that americans get a tax deduction on their PPOR mortgage, is this true ??
“and” a lower rate of interest than us.. hmmmmm after watching “sunrise’ with Koschie maybe it’s time to move to Vegas
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Interest applied to mortgage loans is tax deductible in the United States.
— Michael
Thanks michael.. : (
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
My line of credit here in the US is %3.75 [
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What is tricky to play around with is the change in dollar if I use that money to purchase down under.With the rising dollar its easy as my rent just increases but my cost is fixed. If the dollar starts falling I let it approach the level I bought the house at and then refinance it down under.
A falling dollar is trickier although it can be viewed as a buying opportunity when it gets low enough.
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