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mschere

05/16/03 12:39 PM

#26086 RE: randomwalk #26085

OT: Question..Do you hold that Mortgage? TIA
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tucker

05/16/03 12:53 PM

#26089 RE: randomwalk #26085

Randomwalk, yes the interest is deductible, but dollars saved can help the bottom line! For years I used the loan value of my insurance policies to an advantage, but now, no. The difference in the rate of interest that I now receive on cd's is such that I have repaid the insurance loans. I see no real advantage for Idcc to have such a small loan and to not pay it off. Just my opinion! tucker