How to decide whether you should buy a home in cash or take out a mortgage - Business Insider

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Just because you have the money to buy a home in cash, doesn't necessarily mean you should — there are plenty of factors to consider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

Paying in cash can save you thousands on interest, closing costs, and monthly payments, but you could earn more in the long run if you invested some of that money in the stock market instead.Buying in cash can make your offer more competitive and may land you a discount, while a mortgage could come with tax benefits and the ability to improve your credit score over time.

 

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