[BrianL99]

Originally Posted by asianthree

It’s hard for certain ages to see the bigger picture, of one can make more money by investing, and use OPM mortgages money.

My parents are that age bracket, use all your cash so you don’t have a mortgage. Problem is money doesn’t grow, until house is sold. Usually upon death, so one is sitting on debt free house, with no tax write off, and unless they take out a equity loan (which is 12.5%) money is stagnant.

Our financial guy for the last 6 houses, always has us take large mortgage, 30-60 days pay down 30- 50% or more, especially when rates are above 4%. All the while our investments are making us money, more that the interest debt.

So no matter what interest rate is, your monthly interest is reduced by half and then some. Re-amortization of payments for $175.

Some ages, just don't have a clue ... but they're never in doubt.