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Retirement home without mortgage advice from Ames readers
A reader questions whether buying a retirement home outright with savings beats taking a mortgage. Various figures are discussed, including total savings around £28,000, annual returns, and monthly costs for a mortgage versus using savings. The piece cites Raymond B Nelson and Aaron C Rollins on risk, long-term planning, and the mindset of retired people toward debt and security.
MENTIONED IN THIS ARTICLE
Hssha
Gow
Saya Aaron C. Rollins