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01-25-2012, 03:54 PM
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Veteran member
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Join Date: Dec 2009
Location: NYC, Fairfield County, CT, Cordova, TN, TV 4/17/13
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Quote:
Originally Posted by LvmyPug2
Carrying a mortgage or not is a very personal decision that often has less to do with available cash on hand and more to do with one's personal investment portfolio. We had cash to buy our house free and clear but our tax advisor, investment advisor and lawyer all strongly recommended we get a low interest mortgage, maximize the tax advantages and utilize our liquid assets in other ways right now. The key, I believe is living within your means and comfort zone.
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 Very well put. I rather pay off the bond with a 4% mortgage than pay 7% without a tax deduction just for starters....
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