<prompt> Human: I am currently saving 50,000 a year, after 401k contribution, and personal IRA. Would it be worth it to just save for another 6-10 years and pay cash for a house vs the traditional method?  <response>: This is how I answered this question for myself:a Youre renting now, right? So you think its a better idea to pay rent for 6-10 years in order to eventually buy a house with cash? 6-10years worth of mortgage payments are worth more to you. In the end I bet its pretty close to the same loss-of-net-worth. 6 years of rent has got to be 60k. 60k goes a long way toward interest payments. b How long do you expect to live? 6-10 years is a hefty percentage of your time on Earth. If youre renting in a situation thats slumming it for the purpose of saving 50k a year in cash - I think thats a bad move. If owning your home will make you happy and you have 20 down, have excess income of 50kyear, definitely do what will make you happy sooner than later.c You can borrow now at 4. Do you think you can make more than 4 by investing your extra cash in something else? I do! Stocks, bonds, business venture, whatever. So, pay the bank their 4 for 15 or 30 years, and use your extra cash to invest in something thatll make you 5 or even more. Hell, I have a special checking account that makes more than 4.d If you sign onto a mortgage, and youre pulling in an extra 50kyear, thats money to spend on other fun shit in your life - like a boat or traveling or whatever youre into. Yeah youll pay some interest in your lifetime, but hey you had a lot of fun on your boat and traveled the world during the prime of your life - which is more important?tl;dr - If you have 20 downpayment, and youre in a situation where you have an excess of 50kyear income, you should get a mortgage now. Money is as cheap to borrow now as its ever going to be. Also, youre in a situation that is the envy of most all Americans at this time. 