334: 5 Reasons to Finance a Home Purchase

Be Wealthy & Smart personal finance podcastLearn how to think through whether or not to finance a home.

A friend called me. Should I finance the home or pay cash?

What is the fixed rate? 3.5%

1. Still very low rates.

2. It is tax deductible if you itemize. Will it still be under tax reform?

3. If rates go to 6%, will you kick yourself?

4. You can earn a dividend on a stock that yields 3.5% and earn
enough to pay it.

5. Cautious of risk? Think we could be at the peak of a bubble?

Then don’t borrow 80%, maybe only borrow 60%. Put down more and borrow less. That way if prices drop you hopefully won’t be under water.

Hit the subscribe button for instant notice of new podcasts!

Action Steps:

Write about your thoughts in your wealth journal: Wealth Mini-Course & Journal by Linda P. Jones

Sponsor: Audible – Get your first audiobook for FREE today. Over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player. This is the way I “read” more books and stay ahead of the curve. Visit Audible and get your first audiobook free!

Financial freedom can be yours…

Click for instant access >>

Leave a Reply

Your email address will not be published. Required fields are marked *