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Old 01-18-2013, 03:25 PM
 
Location: WA
5,640 posts, read 24,870,568 times
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The tax issue I was talking about was the funds I have that could pay off the loan are in tax deferred accounts... so pulling hundreds of thousands at one time will create a tax liability I do not want to pay.

I am well aware that the tax deduction on mortgage interest is not worth that much.
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Old 01-19-2013, 02:32 PM
 
1,784 posts, read 3,448,608 times
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Quote:
Originally Posted by cdelena View Post
The tax issue I was talking about was the funds I have that could pay off the loan are in tax deferred accounts... so pulling hundreds of thousands at one time will create a tax liability I do not want to pay.

I am well aware that the tax deduction on mortgage interest is not worth that much.
Ohhhh, gotcha. It sounded like you meant tax implications related to the mortgage itself, not on the funds that would be paying off the mortgage.
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