- Trying to save to purchase a home with cash takes much longer
- Mortgages free up cash for repairs and renovations
- There is such a thing as good debt
Financing a Home Purchase with a Mortgage isn’t as Scary as you Think
When first-time homebuyers hear the word “mortgage,” they immediately think about the debt that comes with it. And since smart money says today’s first-time homebuyer is probably carrying substantial debt already (credit cards, student loans, car loan, etc.), adding more to the pile isn’t that appealing.
Naturally, purchasing a home outright with cash, or at least plunking down a huge down payment to avoid as much mortgage debt as possible, can seem like the best choice.
However, there’s a lot more to think about when deciding to purchase a home with cash versus a mortgage loan. And while it would feel really good to own the home outright, there are some long-term detriments to not seeking mortgage financing. Continue reading
Continuing Education Seminar with an Industry Expert on Negotiation
Earn three hours of continuing education credit while learning valuable negotiation techniques from one of the industry’s foremost experts, David Knox. David is the owner and executive director of David Knox Productions, Inc. Continue reading