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From: wjh@bonnie.UUCP (Bill Hery)
Newsgroups: net.taxes
Subject: Re: taxes & home purchase (when interest is deducted)
Message-ID: <541@bonnie.UUCP>
Date: Mon, 26-Aug-85 13:51:15 EDT
Article-I.D.: bonnie.541
Posted: Mon Aug 26 13:51:15 1985
Date-Received: Tue, 27-Aug-85 02:18:30 EDT
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> 
> If you prepay on December 30 and deduct it for that year, you will only
> have 11 months for the next year. If you do the same that year, the 
> cycle repeats. I don't see the advantage.
>  

You are right that you have to keep this up over the life of the mortgage, but
there is an advantage.

You get several hundred dollars back this year, which is then given back to IRS
a little at a time over the life of the mortgage.  It only is useful because of 
the time value of money

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