Originally Posted by Katsmeow
Zathras -- We would have to pay insurance and property taxes whether there is a mortgage or not. The taxes and insurance aren't going vary based upon whether we have a mortgage or not.
The only reason I mention this is that many people think that they will not have any of the payments once the mortgage is paid off.
But if they have an escrow that pays the insurance and property taxes, this will not be the case.
No offense intended if you were well aware of this, or if there is no escrow and you always paid those out of pocket.
For the most flexibility, you may want to see if you can get a home equity line of credit rather than a mortgage. This way you don't have to liquidate a large part of your portfolio, yet can pay off the debt as quickly or slowly (within reason).
I would not recommend this for everyone, it really depends on how quickly you could pay off the debt if you wanted to. All sorts of factors need to be considered (pay of part of the house, and home equity for the rest, etc). But purely on looking for the most flexible option, that is about as flexible as you can get.