No one loves carrying debt, but if you have to do it, a mortgage is usually one of the cheapest ways to go about it.
Especially now with interest rates at historical lows, plus the fact that any interest incurred is tax-deductible, no other loans come close.
According to the Wall Street Journal, “If you have other debt, you probably could lower your borrowing costs by paying off those loans and instead carrying a larger mortgage.”
Image via flickr/stockmonkeys.com
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