My husband took a new job which required us to move 2000 miles away. Our house has been on the market for sale for 60 days but we have had no offers. We have it reasonably priced but the market is ...
I got a no money down loan w/ a low fixed interest rate on what I thought was a decent house. I planned to replace the wood siding this year as it is starting to rot from previous owners' ...
Even though the realtor showed us the house, is it too late to just go directly to the owner who is a realtor also, and buy the house from her?, and will this save me money?. We have already put a ...
Bring her baby with her to show you a house Additional Details Note: I am the Realtor in question and I have a two month old baby that I don't have a sitter for. I have a showing ...
With the filing of Chpt.13 came a foreclosure of my home because the court found that I couldn't afford the house payment on my income. That was five years ago and my income has risen by $47,000...
Ok..this house is brand new..about a block from my house..anyways it has imported marble, stone outside on the walls (not typical of this area), wood floors, updated kitchen...anyways..its only 2,750 ...
I live in Arizona and my landlord is affliated with Realty Executives. Additional Details I have already been renting from this individual. We have a new lease because of rent increase....
I'm having a hard time ignoring the free fall in housing prices and mortgage rates. Ideally, I would like to purchase a new home and keep my current home as a rental. Am I crazy? Could I ...
and when they got home they had an eviction notice on their door. is this legal to hang an eviction notice on someones front door? is it legal to start the eviction process when they are only ten ...
I have a tenant that I have no problems with but I want to sell the house.
The tenant is aware of the sale but would like me to put it in writing.
How do I politely give the tenant notice ...
MadMav
Is buying a house with cash BETTER than via a mortgage ??
Depends on your tax situation. Also the housing market is good to make a deal. I just made an offer on a house and was able to bring the price down another 20% because the market here is saturated with homes for sale and the home had been on the market for almost a year.
I am paying cash but will get a small improvement loan..to change a few things I want done.
Good luck
leonardhomes@sbcglobal.net
You do have some tax advantages by a mtg on a home. If it were me I would put a large down payment on the home and let the extra money work in some other ways for me. I prefer to leave some money liquid for those little emergencies that come up in life.
bez
Its best to pay off as much as you can so your mortgage is small and you that way you will save thousands on interest, My friend did that but kept a tiny mortgage she would pay 50p a month I dont know what the reason was that she didnt pay it off fully but there must have been one.
leambi
ok course it is, you wouldnt be paying interest on a mortgage then and even if house prices crash they eventually go back up so you will make money over time, plus you can always release equity in your property.
Mr Tripod
If you have the cash ready and can get a better interest rate for saving it then a mortgage (with a lower rate) would be more financially astute.
Ruby Jane
Yes with a capital Y
noplomojovens
It all depends on your tax bracket. Interest rates are going down sharply in the next few days... probably before the end of the week.. so you need to look at what interest you are getting on your house money.
You really do need to talk to a loan officer at your bank or better yet, talk to the investment officer... DON'T DO ANYTHING QUICK.. because house prices are going to come down at LEAST another 20 PERCENT by the end of the year.
RT(R)
always!
blossy
I reckon it would be, not only would you be financially better off with no loan, but think of the saving on interest?
Free and equal
You would be MAD to buy a house now.
Especially to WASTE cash on it.
The value will go DOWN !
Why not just burn the cash, or be wise,
Sponsor some kids to get educated, give to charity.
THEY need it the Seller does not.
The house will be foreclosed anyhow, buy it for half price next year.
DO not forget to give the other half to WORTHY causes because my economic advice is given to you on the condition you GIVE AWAY TO WORTHY causes any cash you save from my advice !
Have a great day !
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
