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Author: jrdown Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 128403  
Subject: Re: Should I pay cash or get a mortgage? Date: 3/1/2013 12:34 AM
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Our plan is to pay off the house in a bit under 7 years. LTC in order = check. Good medical insurance = check (until we find out the repercussions come January 2014). No credit card debt = check. Paid for car = check. Investment accounts doing well = check. One year emergency fund for all living expenses = check. Renters in place at both individual four-plexes = check. Other investments coming to fruition with the next two years = check.

We don't live in the largest home but it is comfortable and the neighborhood is safe. This is a goal that is easily attainable but, if something happens, we can pay the lower monthly payment from the refi of 16 months ago. We think it would be neat to use the money for other investments and increase charitable giving.

Who thinks a mortgage-burning party would be fun!
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