What if you can’t deduct mortgage interest because you keep hitting against AMT? People who can afford $600k houses are upper income and are more likely to run into this problem, in particular if you are single and have investment income as well as salary based income.
On a side note, I am a bit suspicious of the original article. The statement “– As Loan Officers we are not interested in having our income deferred…” seems to have a bit too much ‘cheekiness’ in it.
