Monday, September 13, 2010

Buying property...pay cash or get home loan?

We're thinking to purchase our fist home. We are fortunate enough to have the option to purchase the home with cash on hand instead of paying with home loan.



Do we have any real benefit of getting home loan to pay for the house rather than pay it off with cash? What would be some of the disadvantages for paying with cash? We would appreciate it if any home owners can share your knowledge regarding this matter. Thank you.