*Consult with your CPA to confirm the tax implications of your mortgage.
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This isn’t something that people often consider, but there’s good debt and there’s bad debt. Good debt takes full advantage of the tax code.* For some borrowers, consolidating debt is a first key step in their efforts to organize a long term financial plan. Whether it’s paying off credit cards, the resolution of a divorce settlement or a personal loan, a mortgage can be used to place all of your debt with one creditor - usually at terms that no other source of credit can match. That’s why it can be so important to compare the terms of your current debt with your mortgage situation, to make sure both are structured for maximum advantage.
*Consult with your CPA to confirm the tax implications of your mortgage. |
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