Question from TX Lee about paying off a loan…

I know there are members that have a vast more experience in finance and currant economic conditions than I do,,,,

The question: would it be better to pay down a new $250,000 mortgage with a Down payment of $100,000, just the required down payment and pay it out over 20 years? I realize the difference is the amount of interest I would be paying, my question is, is it better to have the money in the land now or keep the money liquid and pay it out…?

Thank you – TX Lee.

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