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It is good idea to pay one extra payment

Posted on: 22nd Dec, 2010 11:44 am
i am in process to refinance my mortgage at the middle of next month. i would like to know ,that it is a good idea to pay one extra payment for the previous mortgage company before the end of this year.
thank you.
If your check clears this year, you get to deduct the interest paid this year.

If you do that, you will have one less payment of interest to deduct next year

It is six of one and half dozen of another. It just about matters next to nothing either way.

And besides, no one can answer your queston because we do not know what tax bracket you are in and whether you are looking for deductons for this year or not.
Posted on: 22nd Dec, 2010 12:33 pm
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