Should You Pay Cash For a Home or Get a Mortgage? – Episode 189
You may have noticed that real estate prices have been ticking up at a steady rate for the past several years. For many people, that means they have no choice but to take out a mortgage. At the same time, there are those who have either enough current gains or enough cash on hand to consider buying a home with cash.
Having the cash to pay for a home, versus investing that amount and taking out a mortgage, is something of a dilemma. Some people like the security of owning a home outright, but there are also those who believe they can earn more than the cost of the mortgage through savvy investing.
Which way may be potentially right for you? Should you pay cash for your home or take out a mortgage? In this episode of Managing Your Financial Future, podcast host Johnny Dean and “Professor” Rick Plum, CFP® talk about what you need to consider before making that big decision!
Important Information:
You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal.
Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.
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