5 ms·

When will the government start paying off my mortgage? The terms of my loan say I need to pay back the loan in full. I signed that contract, but I was young and

When will the government start paying off my mortgage? The terms of my loan say I need to pay back the loan in full. I signed that contract, but I was young and didn't know any better. Everyone said, take out a loan to buy a house. It's worth it! My parents aren't wealthy so I took out a loan. But, the house isn't what I was promised. I don't think it's worth what I had to pay. I want to keep the house, but I don't want to pay back the loan. When will that debt be forgiven?

hamandcheese 3y ago
> When will the government start paying off my mortgage? Your mortgage interest is tax deductible.
- pseudo0 3y ago
  Student loan interest is also tax-deductible...
  - hamandcheese 3y ago
    Only when your income is below a certain (rather low) threshold. Source: I have never qualified to deduct my student loan interest. Mortgage interest deduction does not have an income threshold.
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