In today's uncertain mortgage market, many investors and second-home buyers are jumping to the conclusion that paying cash is the best way to finance their investment homes.
Certainly paying cash eliminates the risk that comes with rising interest rates and the growing rate of foreclosure. But does it limit the tax benefits of homeownership? And can you really afford to have that much money invested in one asset?
A reader recently posed this same question to June Fletcher of the Real Estate Journal. Read her response and remember that an experienced Realtor is your best resource to help you find a lender who will give you sound, unbiased advice on the best way to finance the purchase of your dream home.
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