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 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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TRANSCRIPT/BLOG: BLOG: What Type of Mortgage Should a Business Owner Have on a House?
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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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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