Mortgage is Cheapest Way to Borrow

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No one loves carrying debt, but if you have to do it, a mortgage is usually one of the cheapest ways to go about it.

Especially now with interest rates at historical lows, plus the fact that any interest incurred is tax-deductible, no other loans come close.

According to the Wall Street Journal, “If you have other debt, you probably could lower your borrowing costs by paying off those loans and instead carrying a larger mortgage.”

Image via flickr/stockmonkeys.com

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