Cash or Finance?

Cash is King. It's probably smarter to finance 80% of the purchase price now while rates are still smoking low. The home is going to appreciate at the same rate whether you have a loan or not. Leverage your $350k and maybe use the remainder to purchase your first investment property of your loan. As an example, if you put 20% down on a 325 purchase, that will take 65k plus closing costs of $5-8k, leaving you with $275k+/-. Buy another investment property at the same price and put 20% down plus closing costs would leave you with about $200k. If your area is appreciating at 5-8% per year than at the end of 10 years each property will be worth between $529k and $701k. By leveraging your money, you will have significantly more equity with two homes. Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, MO, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300