On you're primary residence is it better to keep a loan on it

[Kevin Sanderson]

Is it better to have a loan on your primary residence for tax purposes or is it better to pay it off.

[David Dye]

Hey @Kevin Sanderson,

It depends on what your other investments are.  Generally, primary residences get better interest rates than investment properties.  If you are able to make better returns outside the house than what you are paying to have your PR mortgaged out, then keep the loan.  If you cannot, pay it off.  With rates where they are, it's hard not to make better returns elsewhere so many people choose to keep their properties leveraged out.

Hope this helps!
David