Jun 24, 2019
In episode 167 of Financially Simple, Justin looks at the type of Mortgage a Business Owner should have.
When taking out a Mortgage, it’s worth considering your options as a Business Owner - weighing up the prospective interest rates, payment options, and alternatives. Justin looks at all the options, including some that you may never have considered.
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01:06 - What Type of Mortgage Should a Business Owner Have?
01:43 - Some Simple Education
02:32 - The House Doesn’t Care if You have a Mortgage or Not
04:29 - If the House Appreciates in Value, You are Going to Build Equity
05:38 - The Interest Rate on a Mortgage is Usually Some of the Cheapest Money You have Access to
08:44 - Mortgage Payments Get Easier Over Time
11:09 - Large Mortgages Let You Invest More Money Faster
12:31 - Example #1
15:25 - Example #2
18:12 - A Large Mortgage Can Create the Opportunity to Build More Wealth
20:49 - Having a Mortgage Will Give You More Flexibility and More Liquidity
22:58 - You May Qualify for a Tax Deduction
23:13 - Summary
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Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.