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Tracey Howell

Use Your Mortgage

01.03.08 - 07:50AM :: Ronnie

Yes, that is what I said! You may be wondering how you can use debt to create wealth.
The answer is that your mortgage on your home (primary or secondary), is like getting a coupon from the federal government. It is the only debt you have that gives you a rebate on your federal taxes. If you are in a 25% to 35% tax bracket, maximizing this benefit is a must. Unlike other deductions, your mortgage interest…


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