Quote:
Originally Posted by JoMar
Also depends on life expectancy, cash flow requirements, returns on investment. For instance, I took this mortgage for 30 years when I was 70....I doubt that I will live till 100 and if I do it is doubtful that I will be in this house. My wife is in the same position. The math worked in our favor to take the longest mortgage possible....both my accountant and investment guys were on that page too. Everyones personal financial positions should dictate the course.
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Ja. Our financial advisor/broker was going to throttle us if we paid cash for our house. Much better return on investments than the interest rate on our mortgage.