[quote=UCGal]I’ll be the outlier here. I would pay cash for the closing costs.
But I’m weird. I abhor debt. I would not take any step to increase my debt. I’m working on paying off my mortgage in full. That seems to go against most PIGs mindset of leverage. But for me, it helps me sleep at night.
For me, it’s all about reducing my annual expenses… and mortgage is one of the biggest. If I can get rid of that – I can retire that much sooner. I dream of living like fellow PIG Earlyretirement…. debt free. It gives you career options because you’re no longer driven by paycheck size, but instead by personal satisfaction.
Like I said – I’m an outlier.[/quote]
No, you’re not. Lots of us are running out of time in our “productive years” (READ: able to bring in sufficient income from work to “survive” with a mtg). I know MANY people who are mortgage-free and this buys them freedom that us mortgage-debt slaves don’t have. I wouldn’t mind at all being one of those people who only have to worry about taxes (most protected by Prop 13, lol), insurance and utilities!
