Why sink so much money into DEAD EQUITY paying cash when Tax Deductible rates for qualified borrowers are in the 2% range??
What is that, like a .5% EPR on that money after factoring back in the tax write off?
You may want to consider financing part of the home as I believe a person could get more than a .5% turn on thier money in other investements don't you?
See possible loan programs here: http://www.pro-option.com