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Old 09-27-2007, 05:19 PM
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JohnN JohnN is offline
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Default Re: minimum income
I think there are valid pro and con points for having or not having a mortgage. If you want the peace of mind of minimal cash outflow, then go mortgage free. If you have the financial discipline to get a higher return than your mortgage costs, go for the mortage. The key point being don't overspend and have a mortgage - and not have enough cash flow.