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My advice?...don't pay for the house in full. As a matter of fact, consider not even buying a house! Rent instead. At 62 and older, you might want to have the felxibility to pick up and travel at the drop of a hat. Not having a house sure makes it easy to get around. If you just gotta have a mortgage, consider a condo...again, flexibility. But each to his/her own. Houses are nice and it's great to have a a place of your own. But, again, don't recommend paying for the house in full. Basic rule of money...use other people's money, i.e. the bank's, to finance your investments.

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