Quote:
Originally Posted by billethkid
If one can have a mortgage with interest rates 2-5 points below what can be earned in the market why work to pay cash for anything?
While it is a persoanl choice, it seems there are many retirees who "feel" more comfortable paying off the house. And if the "feel" is that important so be it. Or it may be one's goal to not have a mortgage...that is another choice.
btk
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I agree 100%. I was going to pay cash for my home, then realized I'd rather pay cash one month at a time and keep the balance in investments. I'm way ahead now and have the good feeling of having available funds for emergencys.
Money tied up in your home isn't readily available.