I'm thinking a mortgage would be better because of the simple math:
A person with a mid to high 700 FICO score could get a mortgage of say 4%. You can assume the stock market will do 8%. Thus, you'll be 4% ahead by investing while getting a mortgage. If you skipped the mortgage and just paid cash, you'd lose a lot of opportunity.
This is just simple math but I'm sure you see my point.
Does anyone see a reason to pay cash for a home? It's usually 'out of the box' thinking does me well. Not getting a mortgage is certainly that type of thinking.
A person with a mid to high 700 FICO score could get a mortgage of say 4%. You can assume the stock market will do 8%. Thus, you'll be 4% ahead by investing while getting a mortgage. If you skipped the mortgage and just paid cash, you'd lose a lot of opportunity.
This is just simple math but I'm sure you see my point.
Does anyone see a reason to pay cash for a home? It's usually 'out of the box' thinking does me well. Not getting a mortgage is certainly that type of thinking.
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