@Markeilsha RodriguezIn my opion its a really good deal...I would go about it completely different i think your complicating a good deal..I do think its a bit of a guru concept and things could get sticky if you dont face it head on, regarless of what anyone tells you, the bigger picture is can you afford the mortgage and can you afford the tax payment.

Speaking of the Feds, this is since we (taxpayers) bailed them out and it still resonates with some.

To actually pay down the Federal debt, add whatever you'd care to add to reduce the balance due.Since the lower-income 49% of the nation's "taxpayers" pay no Federal Tax, the actual rate on the rest would have to be 100% or greater to even touch the problem.

After a few years of red ink and several billion dollars in taxpayer bailouts, they'll abandon the program and claim Americans aren't interested in renting anymore.

Depositors are protected, but that then comes out of taxpayers pockets.

I represent taxpayers and businesses before the IRS.I speak tax.

Realize that the amount of taxable profit realized on the sale could trigger underwithholding penalties unless you file quarterly estimated tax payments in 2012.

I actually represent taxpayers (businesses and individuals) before the IRS and states.

This tax payer did this year after year with complete disregard for the rules.

From a tax deduction standpoint, I believe that mortgage interest on a taxpayer's residence phases out after a certain income level is reached.