the house I sold before moving here was paid off. However, with mortgage rates so low, it made sense to me to take a mortgage for the reasons others mentioned. I put the money in a relatively conservative Vanguard account and watch it carefully. I figure the interest I make can be put for future repairs. As long as I'm ahead, I'll keep the mortgage. Since Sept. already made 4% on that money...mortgage is 3.6%. Of course, it the market starts tanking, I'll pay the mortgage off.
|