👉 How does mortgage interest deduction work?
Well, think of it as this: When you take out a home loan, and pay off your mortgage with all the money that was going to go towards the principal and interest, then you get a certain percentage of that money back. It's like if your boss gave you a raise, but they also made sure to give you some extra money for bonus points. But wait! Here's an example sentence where it gets even more edgy: "Hey, I just got a 7% mortgage interest deduction on my loan. That means not only have I saved thousands of dollars in interest over the last few months, but I'm now eligible to receive an extra $500 each month for free!"
