Careful! You pay off your mortgage and no longer can deduct the mortgage interest off your yearly income or profits. You will owe taxes for short term capitol gains/profits. You might be better off keeping the profits in cash or elsewhere and keeping the mortgage interest tax deduction to offset some of the short term capitol gain taxes on your profits. Then pay off the mortgage later on after this years tax season with whatever "Net profit" you have left after taxes. I would talk to an accountant!
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