What the mortgage interest deduction means to you

Think losing your home mortgage interest deduction would be no big deal? Think again. About 39 million American home owners take advantage of the mortgage deduction. A proposal on Capitol Hill is floating to curb the mortgage interest deduction luster over all the ways home owners — and even renters — would be hurt by the drastic change. Here are solid facts to use when contacting your state and federal elected officials in Congress
Myth No. 1: The mortgage deduction is only for rich people.

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