- Rent vs. Buy my next living space?
- If buy, then how much mortgage? How much down payment?
- How many years to pay off the mortgage?
- Great peace of mind (no mortgage payment - yeah!
- Sense of accomplishment
- Pride of ownership
At least two of the elevent reasons have to do with tax benefit -- which I disagree with. Figure your interest payment each month ($350*12 for me = $4,200). My mortgage tax deduction doesn't decrease my my taxes paid by $4,200. My contribution toward my 401 (3) B helps my tax burden out much more than that.