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Not all financial advisors are created equal.
Dennis Xenos's profile photoSteve Conover's profile photoJohan Klarin's profile photoOmar Peralta's profile photo
If your financial advisor tells you that its good to keep a mortgage due to the interest tax deduction..... then its time to find a new advisor.
+Chris Vaught that depends on your tax bracket and what they want you to do with they money you're not using to pay down the mortgage. It may make sense if you're paying down other debt. You will pay down your debt faster if the interest rate of the other debt is more than (1-(your top marginal tax rate))*(your mortgage interest rate).
You know youre in trouble If your FA works for Edward Jones.... fees anyone?
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