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Most people's 20% down is also a loan. Plus, in addition to that $150K down payment, I can point to my savings account with more than the loan debt inside. The
by bsenftner 4y ago
Most people's 20% down is also a loan. Plus, in addition to that $150K down payment, I can point to my savings account with more than the loan debt inside. The only reason I have a loan is for the tax relief, if not for that I'd have purchased the home completely. My home loan is under 2%.
- ryathal 4y agoThat's a stupid reason to have a loan, unless you really like paying banks more than the government. It's still a loss to you with the tax deduction.