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Welcome to SportTrac.Org
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Mortgage Questions
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<blockquote data-quote="Bill V" data-source="post: 767653" data-attributes="member: 54538"><p>Fair enough on all points, Caymen. Good luck on your purchase!</p><p></p><p></p><p></p><p>One question I do have for you, just out of my own curiosity. This question is not meant to be smart-a$$ed or sarcastic, I mean it with all sincerity.</p><p></p><p></p><p></p><p>You said:</p><p></p><p></p><p></p><p>Based on this, do you also intentionally put fewer deductions on your W-2, so that more taxes are withheld each week? I've known people who do/did this, just because "when they get their refund, they'll get more money back". That's very much the same way of thinking--pay more to the government so you'll get more back, and pay more to the house so that you'll get more back. In the long run, from a purely financial standpoint, neither makes sound sense; but both can make emotional sense from a peace of mind standpoint, and in those terms I can't fault either.</p><p></p><p></p><p></p><p>Like I said, just curious...</p><p></p><p></p><p></p><p>Thanks! Good luck with your purchase!</p></blockquote><p></p>
[QUOTE="Bill V, post: 767653, member: 54538"] Fair enough on all points, Caymen. Good luck on your purchase! One question I do have for you, just out of my own curiosity. This question is not meant to be smart-a$$ed or sarcastic, I mean it with all sincerity. You said: Based on this, do you also intentionally put fewer deductions on your W-2, so that more taxes are withheld each week? I've known people who do/did this, just because "when they get their refund, they'll get more money back". That's very much the same way of thinking--pay more to the government so you'll get more back, and pay more to the house so that you'll get more back. In the long run, from a purely financial standpoint, neither makes sound sense; but both can make emotional sense from a peace of mind standpoint, and in those terms I can't fault either. Like I said, just curious... Thanks! Good luck with your purchase! [/QUOTE]
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