Many tax advisors request that their clients that own homes use their equity in their
home to reduce their monthly cash outflow. This is a way to do two things:
First, it allows you to free up cash for investments or other uses
Second, it allows you to use the interest on you new home loan as a tax deduction.
These are two of the reasons Americans have discovered that caused the recent
refinance boom.
Our tip of the month is:
"Create a financial plan for yourself and your family.
If you don't have a plan on where you are going, how can you get anywhere?"
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