Patrick Rumore - The NJ Homeowner’s Guide to Lower Taxes and Better Living

• They keep an appropriately sized mortgage to match their comfort level • They maintain healthy reserves • They invest the remaining capital toward long term goals

That way, they still enjoy:

• Lower monthly payment than a minimal down payment buyer • More liquidity than an all cash buyer • Some tax benefits if they itemize • Some opportunity for growth outside the house

How This Fits The Theme Of The Book

This book is about making smarter decisions within New Jersey. Moving to a lower tax town can transform your monthly numbers and your long term wealth picture. But once you decide to make that move, another big choice appears: how you structure the purchase financially. You do not need to have every detail figured out right now. Just begin thinking about: • The tradeoffs between paying cash and having a mortgage • Get a rough sense of what each option would look like for you • Write down your priorities around liquidity, stress, and long term growth

Then, when you are ready, you can sit down with:

• A tax professional