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Home buying in ALL CASH with NO Mortgage!


Sonu_Patel

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3 minutes ago, Sonu_Patel said:

What are the perks that builders offer for CASH buyers ? 

please share if any one bought home with out Mortgage.

stupidest thing someone will do AFAIK

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not sure advantage with builder but older home ite bidding lo vesinappudu seller always prefers cash buyer and closing fast and backout chances takkuva and mortgage fallout undadu ani.. it will work in a lower interest market buy with cash get the house and in 30 to 45 days after county does the name change on property immediately refi but in this current market it work like that .. i have followed this approach on my last home 

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7 minutes ago, Sonu_Patel said:

What are the perks that builders offer for CASH buyers ? 

please share if any one bought home with out Mortgage.

win bids

peace of mind 

sense of ownership 

saving that loan interest amount that you would pay for mortgages 

on the flip side

may loose liquidity based on market volatility 

missed opportunities unless have ample cash reserves 

 

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16 minutes ago, Sonu_Patel said:

What are the perks that builders offer for CASH buyers ? 

please share if any one bought home with out Mortgage.

Every builder prefers buyer to finance with them . If you don’t finance with them it will hurt you , even if you go with other lender 

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13 minutes ago, gudboy said:

stupidest thing someone will do AFAIK

Why ? E market interest rates ki cash is better . 7% return guarantee unna investments Yekkada 

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21 minutes ago, Sonu_Patel said:

What are the perks that builders offer for CASH buyers ? 

please share if any one bought home with out Mortgage.

funny video of Salim Pheku on Make a GIF

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With current interest rates better, avg return in stock is 10 percent and you already have 8 percent in hand 

only negative would be a good opportunity where liquid is needed 

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If you have cash, sure.. why not!! You don’t have to pay any interest on the house.. 

someone in this db calculated and said that if you take a 100K loan @5.2% for 30 years, you will pay 100K as interest on that loan.. so if you take a 500K loan, you pay 500K principal and 500K interest (total 1M) on the loan.. 

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