"Harry Krause" wrote in message
...
P Fritz wrote:


Why is it liebral types cannot understand the "cost" of money. If you
can
borrow at a net cost of 3-1/2%, and you can invest at a average return of
6-7%, you should ALWAYS have a max. mortgage.


Some of us don't view the house we live in as an "investment." I've
structured my residential financing so that if I FOAD, my wife will not be
faced with much of a mortgage, even though she earns a good income. That
way, she can decide what to do...stay, sell, whatever.

I started out with a fairly typical 70% of appraised value mortgage on
this house a few years ago. Thanks to incredible appreciation, my mortgage
is now about 35% of appraised value.

And my mortgage is 75% of appraised value. Last year, it was 95%. In five
years, it will be 50%...and I will not have spent a dime on Principle.