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!

Important Information:

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

No client or prospective client should assume that the presentation (or any component thereof) serves as the receipt of, or a substitute for, personalized advice from Lucia Capital Group or from any other investment professional.

Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

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