2min chapter

Marriage Kids and Money: Personal Finance for Families cover image

Should We Get an Electric Car? + Paying Cash for a House vs. Getting a Mortgage

Marriage Kids and Money: Personal Finance for Families

CHAPTER

The Benefits of a Paid Off House

A paid off home surely does provide a great sense of pride, but it doesn't offer much in the category of liquidity. You could get a home equity line of credit to access that cash if needed, but that process isn't necessarily quick and easy. Pror three, living mortgage free undoubtedly allows you to enjoy more life. With a lower cost of living, you can modify or upgrade your life style so each of your days to day are brighter.

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