[Texas Eagle]

That's my point. What if interest rates are 10% or 15% when I need the money in 10 or 15 years? What if I have no job or lower income at that time and a bank won't lend me the money because I can't pay it back? Let's say you have a house worth $250,000 and it is totally paid off. You lose your job. You now need $50K or $100K of that money. You can't get it - you won't qualify for the loan.

But you can sell the house couldn't you? And if the house is totally paid off, whatever you sell the house for, all the money goes into your bank account. Whereas if you owe money on the house, you will only get what's left. Am I right?

[Mannaggia l'America]

But you can sell the house couldn't you? And if the house is totally paid off, whatever you sell the house for, all the money goes into your bank account. Whereas if you owe money on the house, you will only get what's left. Am I right?

But I don't want to sell my house - I like it.

If I'm stashing money away in cash along the way, I can use that during any low periods and I get to stay.

[FairOpinion]

In tough times you may not get the best price for your house. Also, if you have the money, then you can get through the tough times AND keep your house.