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I paid cash and I am very happy with this choice. I was looking at a mortgage in the 4% range. I asked myself if I could get a safe, fixed investment for the cash at at least 3.5% for the next several years at least. I could not be sure to get that investment, without some risk. So I paid cash for the property.
When you pay cash, you can decide your homeowners insurance details, rather than have a lender give you requirements(minimim insured amt, etc).
When you pay cash, you control payment of the property taxes and insurance. This can be done with a mortgage, but you have to pick a lender that allows this and many do not.
Priceless....is the feeling I get knowing that I don't have a monthly mortgage to pay.
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