Interest-Only Loans
To maximize tax deductibility and control cash flow, many homebuyers select mortgages with interest-only payments. By paying only the interest on a mortgage for up to five years, you may reduce your monthly mortgage payment and have more funds available for investing or for paying down higher cost, non-deductible consumer debt.
Note: 1stAvenue Mortgage does not provide tax advice or specific information on tax issues. Consult your tax advisor regarding the deductibility of interest expense.
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