Mortgage and Home Equity Analysis
If you’re in debt, you’re not alone. Consumer debt in America is at an all-time high. It’s important to keep in mind; however, all debt is not created equal. Consumer debt with high-interest rates such as credit cards, personal loans, and auto loans generally contain no tax benefits. This type of debt can create a significant impact on your income and reduce your standard of living. Other types of debt (like mortgages and home equity lines of credit) can offer some financial advantages. It’s important to consider the interest rate and associated tax benefit. At Diversified, our supportive team of Certified Financial Planners™ analyzes your current debt obligations and determines the best ways to reduce them. It may mean paying a little extra on your mortgage each month, refinancing, or taking out a home equity loan. For example, if you’re paying high interest rates on multiple credit cards, a home equity loan might offer a good solution to help consolidate your debt and simplify your finances. Leave it to our knowledgeable advisors to analyze your debt to equity ratio and determine the best course of action for your specific financial situation.
It’s all about how much you owe vs. how much you own. At Diversified, we take your entire financial landscape into consideration, as well as your goals and dreams. We’ll help you take charge of your finances by creating a plan for tackling your debt, reducing your worries, and putting you on the path to lifelong security. Ready to make your mortgage work for you? Contact us today. We look forward to serving you.
Diversified, LLC does not provide tax advice and should not be relied upon for purposes of filing taxes, estimating tax liabilities or avoiding any tax or penalty imposed by law. The information provided by Diversified, LLC should not be a substitute for consulting a qualified tax advisor, accountant, or other professional concerning the application of tax law or an individual tax situation.
Nothing provided on this site constitutes tax advice. Individuals should seek the advice of their own tax advisor for specific information regarding tax consequences of investments. Investments in securities entail risk and are not suitable for all investors. This site is not a recommendation nor an offer to sell (or solicitation of an offer to buy) securities in the United States or in any other jurisdiction.