Some background advice...I still mooch off family and I live rent-free taking care of their vacation home in AZ. So this would be the only home I own. Additionally, I am a teacher, and I will have some job security. My previous position was eliminated, but I was fortunate enough to be placed at a different district school for next year (that's good, given that AZ districts are reducing staffs by 10-15%). I'd want the investment to be guaranteed, because I've seen my IRA cut in half in the last year. While it's rebounded some lately, I'd hate to have the money to pay cash for the house now, but instead I finance it and in 2 years find that I no longer have that ability (if the market continues to be iffy or bad). My thought is that most people would jump at the chance to be done paying for their home...so why would I choose to make payments? Thanks for the other advice though...I'll be sure to look at it more once the game is over!