Real estate tip: Two mortgages may be better than one

How do I maximize my tax situation when buying a house?
Published on Feb 2, 2004

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by CareyBot

If you are looking for the maximum tax write-off, combine an interest-only first mortgage for 80 percent of the purchase price with a 10 percent second mortgage. Most conventional second mortgages have amortized payments. But if you can find sellers ...