Isn't that a mortgage by another name? Maybe you can get one, assuming you have the ability to pay on it... banks want paid back, they don't want your property if you can't pay for it. Suppose you are disabled and can't work or farm... sell the place might be your option but that can take time. If you have other savings and investments and they are enough, you should be golden, if not, then what. I know my crystal ball is cloudy on my future, maybe yours tells you every major life event and when it will happen and what it will cost.
I'm just saying to folks to think about paying off a mortgage when you get to retirement age and how that may hurt or help you. Everyone's situation is different.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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