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by Thom64 on August 13th, 2010
Advantage in what sense?
If you can really afford a vacation or investment property, the most prudent way to pay for it would be cash. Giving interest money to a mortgage company for the next 5-30 years does not benefit you, but it is an advantage for the financing company (provided you make the payments) - unless you get a fixed rate and inflation rises significantly, in which case it is a disadvantage to the financing company and could conceivably be an advantage to you. Some say it is good to pay thousands to a mortgage company every year so you can get back a fraction of that in tax benefits, but that does not make much sense.
If the property you buy is in a high-quality market and appreciates faster than inflation, paying cash is an advantage. If you buy in a market where the property values subsequently drop, you have fewer potential problems if you don't have a lien against the property.
What does a conveyancer take care of when you are buying a house?
by caramelized on November 22nd, 2010
| 1 person likes this
Would you buy or live in a home that was 'stigmatized' (homes that look fine but have problems that may impair their salability)?
by Ed the Jetpacking Headbanger on October 10th, 2010
| 1 person likes this
Is it very important to start owning property young?
by keithold is a prodigal bagger on November 20th, 2010
| 1 person likes this
What list of documents do I need as a buyer, buying a house in cash in the US (non foreclosure)?
by bonezip on September 21st, 2010
| 1 person likes this
What are the reponsibilities of a conveyancer?
by caramelized on November 22nd, 2010
| 1 person likes this
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