Retiring? Here are the pros and cons of paying off your mortgage early.
Lack of mortgage curiosity deduction — If you happen to itemize, you possibly can deduct residence mortgage curiosity on the primary $750,000 ($375,000 if married submitting individually). The restrict is $1 million ($500,000 if married submitting individually) if you’re deducting mortgage curiosity for a house bought earlier than Dec. 16, 2017.
https://www.washingtonpost.com/enterprise/2021/10/26/great-resignation-early-mortgage-payoff/?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Retiring? Listed here are the professionals and cons of paying off your mortgage early.
