MYTH 1: If I pay off my mortgage I’ll lose my interest deduction.
We agree that tax deductions are very important which is why our strategy maximizes these and other benefits while leading our clients to become mortgage free in much less time than a traditional schedule.
Imagine paying your home off in 12 years and having more savings, travel, education for your child, etc…
When you look at it this way your tax deductions become mush less of a priority long-term.
Imagine you won a lottery for $250,000—you have three options. You can donate it to a charity (with no tax consequences), send it to a mortgage lender, or pay 1/3 in tax and pocketing the rest. What would you choose?