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Obama: Mortgage Refinancing Similar to Tax Cut

May 9, 2009

Sorry, Mr. President.  That is simply not true.

When a homeowner refinances a mortgage loan, while their monthly payment amount reduces, their tax savings decrease.  This is because the interest paid is lower. 

Mr. Obama, get a clue!

http://www.foxnews.com/politics/2009/04/30/critique-obamas-refinancing-pitch-reveals-curve-ball/

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