That is the question. Whether it is nobler in the mind to suffer the slings and arrows of outrageous home loan rates, or to stay mortgage-free.
LOL
Seriously, though, we will be able to have our (almost) dream home and have no mortgage. We know we're lucky, but dh wants an eco-friendly car (electric but they're not really commercial - read: they cost too much - so hybrid), which will chew up more than our remaining dosh. We will need two cars when we move to our new home, and we're loathe to won two gas-guzzlers.
So.
Do we have a mortgage so we can have more $$ spare for costly hybrid car, or keep ourselves mortgage-free and simply take out a small (read: to be paid off in a couple of years) loan to buy the rest of an eco-car?
What would you do?
Fiona