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Mortgage – to be or not to be

March 10th, 2009

I just read an interesting post on Get rich slowly.

There is a guy that makes a point that keeping a mortgage just for the tax reductions is not worthing. The comments are even more interesting that the post itself :)

You always need to make some calculations, when you’re talking about your money. You should consider if your ability of multiplying your money exceeds the cost to the bank. Also, take into considerations the price increase (or decrease :) ) of your property.

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