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 Ferguson System Principal An implement cutting through the soil at a certain depth say eight inches requires a certain force or draft to pull it. Obviously that draft will increase if the implement runs deeper than eight inches, and decrease if it runs shallower. Why not use that draft fact to control the depth of work automatically? The draft forces are
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