When Buying in Cash May Be a Good Idea
• You’re Financially Secure: If you have enough savings to comfortably cover emergencies and other investments, using cash may work well. • You’re in a High-Interest Rate Environment: When mortgage rates are high, cash can save you from locking in those rates. • You Don’t Plan to Move Soon: If this is a long-term home and you don’t plan to sell or refinance, the upfront cash may provide peace of mind.
When Financing Might Be Better
• You Want Flexibility: Financing allows you to keep more liquidity, which can be helpful if you expect upcoming expenses or investments. • Rates Are Low: When mortgage rates are low, financing can make sense as the interest is relatively inexpensive, leaving more cash to invest elsewhere. Ultimately, it depends on your overall financial situation, risk tolerance, and goals. Let me know if you’d like more specific guidance!
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