To Pay Cash or To Get A Mortgage?

This is a great article written by June Fletcher, A Young Buyer Asks: Should I
Purchase My House Outright? This article gave a great ideal of whether to pay cash or get a mortgage. Here is Fletcher's conclusion."If you buy the house with 20% down and a 30-year mortgage at 6.125%: Your annual cash flow would be $ 37,481. Ms. Sanford recommends that you choose this scenario, since it offers the best cash flow and leaves the bulk of your money easily accessible. Plus, a 30-year mortgage also would be easier to qualify for than a 15-year loan, since the monthly payment would be 40% of your income, compared to 54% for the 15-year loan. However, she adds, if you know you won't stay in the house for more than five years, you may also want to consider five-year adjustable-rate mortgages that have fixed interest rates for that period, because at least initially, these often have lower rates than fixed-rate loans."