Should you Buy a Colorado Home with Cash?Posted by West + Main Homes on
Should You Buy a Home With Cash?
If you have the ability to purchase a home with cash only, then you’re part of a slim percent of the American population - congrats! Before you head to the bank to withdraw those fat stacks of greenbacks, make sure you consider both the pros and the cons (yes, there are some cons) of skipping the mortgage.
Skipping the interest. Buying a home is often a good investment, but buying one flat out may be an even better one. This is because you save on mortgage interest that is usually paid over the life of the home loan – interest that could amount to anywhere between several thousand dollars to hundreds of thousands of dollars.
Avoiding the fees. With an all-cash deal, you skip those loan origination fees, an…
2243 Views, 0 Comments