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Should you buy a house with cash?

Buying a house with cash will make you feel like a million bucks. Maybe you came into a large inheritance, or you’re just really good at saving. Either way, paying the price of the home in full means you won’t have to worry about making mortgage payments.

Should you pay cash for a home?

With home prices booming, it might seem that few buyers could afford to pay cash for a home. However, studies have shown that nearly 1/3 of people have recently bought their new homes with cash. Paying cash has distinct advantages over the more conventional route of taking out a mortgage. However, the benefits are not entirely clear-cut.

Are cash home purchases a good idea?

Cash home purchases have become increasingly popular in today's high-interest-rate environment. If you can afford it, cash home purchases have major benefits. But there are disadvantages, too, including tying up your money in an illiquid asset.

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