Date: Thu, 9 Jun 2005 15:34:12 CST
From: "Wisdom Seeker" 
Newsgroups: misc.invest.financial-plan
Subject: buy a home outright???
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I am 36, single and glad, no kids, and inherited some money. I paid off
my credit cards and my car loan totaling $15K. I spoke with a financial
planner and he told me NOT to pay off my student loans ($11K) because I
can write off the interest but I am starting to doubt whether the write
off is worth it. I make about $22k a year and I have about another
$150k coming to me.

Because I live in an expensive city, I am intending to move to a city
where housing is much more affordable; a 3/2/2 new home is about $165K.
 Would it be wise to purchase a home outright? Or should I lock in a
low interest rate by putting a higher down payment? My intention is to
have at least $25k liquid just in case. How do I figure out what is the
best case scenario for someone that just wants to live a simple, quiet
life.

I have read most other posts asking where to invest so, and I hope not
to get flamed, what would you do?

Thanks in advance