There is a pretty good article in newsweek that takes an opposing view to many on this trhread. It gives an example of paying cash vs using a loan. Not surprisingly the benefit of having cheap maney and investing the difference comes out far ahead. Additioanlly buy locking in cheap money now you gaurantee your future liquidity. I would hate to see that 7 to 10 years from now something unforseen happens and now you ahve to tap the equity in your hmae and rather and having 6 % money to go to as is the case now you are looking at a 8 10 or who knows what type of interest rate invirenments. I would try and give it a read. Gives you the other side of the coin argument.