Is it better to buy a house for cash, and use up all the money, or is it better to just put down a partial downpayment, and use the money for other things (IRA, buy car for cash, put downpayment on car, etc)
I would personally think that avoiding ALL the interest on a mortgage would be quite worth it, but I am not an expert.
I also don't think it is worth it to have ANY payments on a car, and therefore think it is right to pay cash for any car I would buy. Paying interest on a thing that doesn't increase in value would be a big mistake in my opinion...HELP!
2006-10-03
03:30:08
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9 answers
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asked by
gg
7
in
Personal Finance