You live in Louisiana. Are you more comfortable having no payment on your home because you have it paid off but have little or no savings becasue you worked you ass off to pay the home off and reduce the interest expense
Or
You have 300 or 400 k in the bank and a 2K a month payment and you are living in a nice place hurt by the fact that you lost you possession but comfortable with the fact taht you ahve plenty of money to rebuild your life.
People sleep at night with more risk than they think of.
