[villagetinker]

OK here is what we did, we took a look at the interest rates being offered, took a look at our current rate of return, and realized it was a no brainer to take a mortgage and invest the money from the sale of the house up north. having stated this, take a look at your situation, you can always take the mortgage now, and pay it off if it is your best interest. In our case, we were able to get a very favorable rate (citizens first mortgage), and it is in our best interest to keep the mortgage and use the money from the sale of the house to stay in the investments.

Hope this helps.