The Power Of Compound Interest

You can save as much as 35% in taxes on every dollar you pay in interest. In other words, your mortgage is tax deductible at your top tax bracket.

Using a house as part of business will certainly help, but you can only use part of the house as a business expense--the portion that you use as part of your business.

Paying off your mortgage completely will not necessarily give you the biggest tax advantage when use your business as part of the deductions.

I'm not a CPA so I must ask that you seek their counsel for the definitive answer.

Also, check out Ric Edelman's book, "Ordinary People, Extraordinary Wealth"

To accelerate is a matter of personal opinion.

I certainly agree that it’s a personal opinion whether or not someone should accelerate paying off their mortgage.

However, it also comes down to education and the majority of the population is not versed in either option.

As previously mentioned, Ric Edelman is the expert on this and has done the study on this and now a lot of other financial planners and advisors are coming around to the facts presented in his argument. Plus, he's Oprah's personal financial planner--if it's good for her, it's certainly good for me and a lot of other people out there.

My biggest argument about carrying a long-term mortgage and not doing the accelerated pay-off is the money that you’re investing benefits from the power of compounding interest.

If you were to use the pay off accelerator, yeah you would pay off your mortgage in 22-25yrs, but during that time you would not be investing and taking advantage of compounding interest.

22-25 years of just paying off the mortgage is a lot of time to miss out in earning interest on your money. Think about that for a minute.

Check out the brother A and brother B scenario in the video on my site: http://ezleadcapture.com/member/wlg.htm
It clearly shows the power of compounding interest and how quickly it can create wealth for you.