Paul, 62, is like a lot of people near retirement: He wants a safe place to invest his money. But the interest rates on savings accounts barely keep up with inflation. Would it make sense to pay off a mortgage instead?
In this week's installment of "Money & Happiness" DailyFinance's Laura Rowley reports on the three questions you need to ask before blowing your available cash to pay off your mortgage.
Only in Detroit can you get so much for so little. This manor looms over a tree-dotted boulevard and features interior flourishes, including hand-painted ceilings, hand-carved marble and hardwood floors.
Location: Little Rock, Ariz.
Sq. Ft.: 1,394
This brick single-story is running further below the national median home price, which hovers around $200,000, than other homes in our gallery. But it's a notable mention: The home offers a big living area, wood-burning stove and large eat-in kitchen.
It's not often you get a pool and lakefront property for just $225,000, but this charming home delivers you just that, along with five bedrooms (three with walk-in closets), three bathrooms and a multi-faceted kitchen.