Large changeover and new accounting changes
Primary home value increased to $2 million to represent reappraisal and increased HELOC limit Other debts now represents corporate debt load which has increased here to facilitate mortgage pay down
Other mortgages represents personal investment debt that is tax deductible
Full conversion of mortgage into tax deductible personal debt is complete after 5 years
New goal is reducing corporate debt first which is only a 20% tax deduction
$20K mortgage only being kept to maximize HELOC loan value limits for flexibility |