But interest on a mortgage is tax deductible.

Interest rates, or interest on your mortgage, or how much interest do I owe on my credit card.

I'm just going to say that we're doing an interest only mortgage.

Well because you can deduct the interest that you spend on your mortgage.

The paid principal, that's going to be the mortgage payment minus your interest.

This is highly rated mortgage backed securities, maybe they have a slightly higher interest rate.

Essentially you can almost fueled on interest to the owner of the Mortgage Backed Security.

The mortgage...

Insurance.

Insurance.

There are many kinds of insurance such as health insurance, fire insurance, life insurance, etc.

You're not factoring in the tax deductions of mortgages, et cetera, of interest on your mortgage.

In a traditional mortgage, you actually, your payment has some part interest and some part principal.

Or what you think the real interest will be after you take into account people pre paying their mortgage, people defaulting on their mortgage, and other things

This is annual insurance, for things like hazard insurance, and flood insurance, earthquake insurance, or whatever insurance you need where you live.

Mortgage backed security.

Then insurance!

The insurance?

My insurance?

And what tax deductible means, is that this amount of money that I spend on interest on my mortgage,

Big insurance agent.

We've no insurance.

I sell insurance.

An insurance policy.

We have insurance.

An insurance swindle.

And that every year a fraction of your premium does go into a kind of savings account within the insurance company and you get so let me call it cash savings where you can get interest.. get interest while... it is with the insurance company is getting interest on a tax deferred basis

You've paid off your mortgage.

Actually a mortgage, a borrower.

The original mortgage is 750,000.

Mortgage department, First National Bank.

I'm thinking about getting a life insurance because I have a mortgage, and I have a young son and another baby on the way.

This insurance covers everything.

I have life insurance.

We're good for insurance.

Do you sell insurance?

I'm your insurance policy.

That was his insurance.

It's an insurance policy.

Does he have insurance?

It's an insurance policy.

Let's call it insurance.

The loan to this guy, plus the insurance, kind of is like you're lending the money to this guy, but you're just getting more insurance I mean you're getting more interest, right?

So I go to the insurance agent and the insurance agent says

Insurance, shoes, etc. Some examples are, for insurance, Lending Tree or Zappos.