Everywhere you turn, you hear how bad it is to carry around debt. So naturally, it’s logical to think that buying a home with cash – or sinking as much cash as possible into your home to avoid the massive debt associated with a mortgage – is the smartest choice for your financial health.
Especially in today’s tight seller’s market, homebuyers are looking for any way to get a leg up on the competition when putting in an offer on their desired home. The benefits of purchasing a home with cash are many, from the lack of interest payments to the ease of transfer.
By avoiding the interest on a standard mortgage you can reduce the overall cost of the house substantially. he benefits to paying for a home in cash are much more than financial. The peace of mind that comes with owning your home outright truly is priceless.