Are you paying on a mortgage? Why?

Have you been told that you need a mortgage for a tax write-off? Do you know who told you that originally? The bank that owns the biggest and prettiest building in any town, USA. Well they are wrong, the real reason for the tax write-off was originally to make buying a house affordable so for the same price as for renting you could justify buying a house and help stimulate the economy.

Think about this. In reality the only time it makes sense is may be when you are in the 50% or more tax bracket and the write-off puts you in a lower tax bracket and if you are in that higher tax bracket and your financial advisory has not figured out a way for you to pay less taxes then may be you need to look for a new financial advisor. You are still paying a half to 2/3’s of your house payment forever that if you did not have to pay could definitely change your lifestyle.

How would you like to pay off your mortgage with money you did not know you had?

Pay off your mortgage in approximately one third of the time. Then if you had to have the tax write off, pull out 75% of the value of the house and invest it in your retirement knowing it would take approximately another 8 to 10 years to pay it off again. Now go to the article on the ‘rule of 72’ and see what is possible. To really understand what is happening let’s make an appointment and we will show how this all works. And guess what you do not have to refinance your mortgage if you do not want to.

Long distance we can do this by phone.

Peter Blackman, 602-283-5588 or ez2repete@cox.net