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Reply to "Is it a good idea to keep the cash after selling a house?"
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[quote=Anonymous]How old are you? When do you plan to retire? What term new mortgage are you thinking about? How are you with money? Personally, I would out down the money and then get a shorter-term loan (15 or 20 year) and get the debt gone. I'm looking at a mortgage that extends more than ten years past mandatory retirement for me, and I don't like it. I should be able to go right back to a new job, but you never know. I figure I can sell and move to a smaller place if I have to (and probably will want to do). [/quote]
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