Designed to generate Tax Refunds from mortgage payments. This technique has become increasingly popular. In effect, the interest you pay on your mortgage becomes tax deductible. That means if you spend $20,000 in interest payments, you can deduct that from income on your tax form and receive about $8000 in refunds every year depending on your tax bracket.
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| Term | Rate |
|
PRIME |
3.00% |
|
Variable |
2.79% |
|
1 Year |
2.89% |
|
3 Year |
2.99% |
|
4 Year |
3.19% |
|
5 Year |
3.29% |
|
10 Year |
3.99% |