There is a big difference between good debt and bad debt when it comes to debt. Mortgages are considered good debts because they are fixed and typically have low interest.
Reason #1: You Can Get a Tax Break On The Interest
Reason #1: You Can Get a Tax Break On The Interest
The interest you pay on your mortgage is usually tax-deductible. This deduction can amount to significant savings, especially if you are in a higher tax bracket.