At a modest interest rate...I totally agree with Carzin. I don't want to wait 5 years for something that I want to enjoy while i can. Our cottage is a perfect example, we have a 30 year mortgage in order to make the monthly payment small enough. Will we pay ton of interest, yes, but I can't put a price on the years of fun and enjoyment that we'll get out of our cottage.

Life is ever so short.