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Why 91% of Homeowners Get $0 From Mortgage Interest | The Financial Mirror
Most homeowners still believe mortgage interest is “good debt” because it’s tax deductible. But here’s the shocking truth: 91% of Americans don’t get a single dollar back.
In this episode, I reveal the mortgage interest trap that’s silently draining your wealth:
o Why a $400K house at 6% really costs $860K over 30 years
o How amortization front-loads interest to benefit the bank, not you
o The truth about mortgage interest deductions (it’s not free money)
o Why 91% of taxpayers get $0 benefit thanks to the standard deduction
o The impact of the Tax Cuts and Jobs Act (TCJA) and the new OBBBA 2025
o How to cut years off your mortgage with simple strategies
If you’ve ever thought, “At least I get a tax break,” this video will change how you see your mortgage forever.
o Tune in until the end to learn:
o How much you’re really losing in interest
o Why tax deductions don’t save you as much as you think 3 smart ways to pay off your mortgage faster
Don’t let banks and bad advice drain your financial future.
Comment how much interest you’ve paid so far, subscribe for weekly money truth, and share this with a homeowner who needs a wake-up call.
Mentioned Episode:
Pay Off Mortgage Beats Investing: https://youtu.be/pIUZTi7blh8
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If you are in need of a Financial Coach, don’t waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/
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