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<<<Total cost of a house is $280,000. I am 35. I intend to put down 70,000 and after keeping a fair amount of cash for emergencies I have 40,000 to invest.>>>

Here are some things to think of. With a thirty year mortage, at it's end, you would have paid about 3 times the cost of the house. That is, principle plus interst. So total cost of your house is around $600,000 since you're putting down $70,000. Now take that $40,000 and invest. You would have to earn around 14% over 30 years to get about $600,000. Even with the historical S&P 500 return at 10%, you're looking to outperform by 4%. I know some of our screens easily do that, but it all comes down to what you're comfortable with.

Me personally, I paid off my mortgage, around 20 years early, and now use my mortgage note to invest. But I only did that with "extra" money, what was left over after funding my retirement accounts and building an emergency fund and retiring all debts.


who thinks any debt is bad.

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