Hosts: John and David Thompson

Full Podcast here: https://smplmoney.podbean.com/e/mortgages-part-2/

Episode Summary: In this episode of SMPL Money, John and David continue their discussion on Ric Edelman’s article, "11 Great Reasons to Carry a Big Long Mortgage." In this part, they cover reasons 4 through 7, diving into the tax benefits, the impact of inflation on mortgage payments, and how mortgages can provide liquidity without selling your home.

What You'll Learn: Reason 4 & 5: The tax deductibility of mortgage interest and why it might not be as beneficial as you think for most people, given changes in tax laws and the standard deduction. Reason 6: How mortgage payments become easier over time due to inflation and increased income. Reason 7: The concept of "selling without selling," or how you can access your home equity through refinancing or a home equity line of credit without having to sell your property.

Resources Mentioned: Ric Edelman’s Article: 11 Great Reasons to Carry a Big Long Mortgage https://www.edelmanfinancialengines.com Further reading on mortgage interest and tax deductibility

Connect with Us: Reach out to John and David with your questions or feedback. SMPL Mortgage https://smplmortgage.com/contact-us/ Follow us on social media for updates and more insights. @smplmortgage

If you enjoyed this episode, please like, share, and subscribe to SMPL Money for more insightful discussions. Stay tuned for our next episode where we continue to unravel the complexities of finance in our lives.