Buying house, Cash vs mortgage
Buying a house is as easy as it looks. Before buying a house, one thinks either he/she should purchase, it will cash or should take a mortgage loan. Both have different benefits. Just have a look at it before buying your dream house.
Buying a house with cash
- Don't have to pay mortgage interest
- Lower closing cost
- Faster and easy closing
Buying a house with a mortgage
- A large sum of money is used to buy a house, so it cannot be used for some other purpose.
- Money invested in a house is not hard cash, in case of emergency one cannot sell and get cash as fast as compared to if he/she has that money in a saving account.