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Rockport24 · 09-17-2013, 11:14 AM

What tax advantage? The deduction for the interest? That would seem tiny compared to the interest you would actually pay over the life of the loan.

The only way it would be better to NOT just pay with cash is if you think the property value will go up and when you sell, you will recover the cost of your interest and still make a profit...
OR if you are fairly confident you could invest the money and get a better return than you would be paying in interest, which is possible given interest rates are still low...

09-17-2013, 11:14 AM	#7
Rockport24 President - S-B Chapter - Kelly Clarkson Fan Club iTrader: (0) Join Date: May 2005 Location: Rowley Posts: 3,781	What tax advantage? The deduction for the interest? That would seem tiny compared to the interest you would actually pay over the life of the loan. The only way it would be better to NOT just pay with cash is if you think the property value will go up and when you sell, you will recover the cost of your interest and still make a profit... OR if you are fairly confident you could invest the money and get a better return than you would be paying in interest, which is possible given interest rates are still low... Last edited by Rockport24; 09-17-2013 at 11:21 AM..