[Dustin Owen]

Simply put…the money can be used better elsewhere. However, if all other boxes are checked and this helps you sleep best at night then that is an easy go-to answer. I personally don’t like 15 year fixed mortgages or putting more money down than needed to qualify unless all of the other boxes are checked:
– No debt
– 6-12 months cash reserves
– Maxing out 401k / IRA
– Money invested in other intermediate avenues (mutual funds, company stock, real estate, memories made with friends and family etc.)
– College savings for kiddos