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? In this episode of Managing Your Financial Future, podcast host Johnny Dean and “Professor” Rick Plum, CFP® talk about what you need to consider before making that big decision!
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