I own a 150k house outright. I want to buy a 210k house in another state as a second home. I have about 700k saved. I could buy it outright Or I could mortgage it for 15 or 30 yr or take out a home equity loan. For 150k and pay the other 60 cash and still have plenty of liquid cash available.
What’s the best choice? I would live there a min. Of 10 years if I had to guess and I’m not selling the 150k house ever.