| "My mortgage is tax-deductible and the higher my mortgage the more I save on my taxes." |
For every dollar of mortgage interest paid, you save 27¢ in taxes. Without the mortgage, you would still have 73¢ |
| "I will always be able to pay my mortgage for the next 30 years." |
Do not be lulled by a false sense of security that leaves you unprepared for the future. Hope for the best - but prepare yourself for unexpected financial setbacks. |