Quote:
Originally Posted by joyful
I think this is a good question too! JMO - I don't personally think it is necessary if you are rolling the money into another mortgage. I also don't think that having a capital gain necessarily means you had an "increase" for the purpose of tithing.
Example - You bought a house for 100,000 and paid mortgage payments of 1,000 per month and then sold it after 5 years for 150,000.
Technically, you could say you had a capital gain of $50,000. However, you put $60,000 into the house in mortgage payments over the five years, so did you really have an increase for the purpose of tithing? I personally don't think so. However, I also think that conviction is important and listening to the voice of God in one's own personal situation is the most vital thing.
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Great post. Says it as I see it. The increase is only what you receive above and beyond what you have paid.
Not sure rolling it into another mortgage w/o tithing on it is wrong either. Personally, I would tithe on it and roll the remainder. JMO.