Why is home mortgage loan considered a tax benefit ?
I am planning to buy a home and wanted to know why everyone thinks that home mortgage loan is tax beneficial.
If we are paying around $ 15,000 a year in interest+property taxes and in tax refund( 15% tax bracket) we get back around $ 2K-3K and we are happy.
Its like paying government $ 100 and getting back $ 15 and we are happy with that.
Correct me if I am wrong