Should You Pay Cash For Your Home, or Get a Mortgage?- Season 6: Episode 8
Real estate prices have been ticking up steadily over the past year or two, especially for mid-range single family homes. And while many people find that the only way they can afford a new home is to take out a mortgage, there are also those who have either enough current gains or enough cash on hand to consider buying a home outright. Having the cash to pay for a home, versus investing that amount and taking out a mortgage, is something of a dilemma for some people. There are those who like the security of owning a home outright, but there are also those who believe they can earn more than the cost of the mortgage through savvy investing. Which way may be potentially right for you?