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What are the advantages of buying a home in cash verses taking out a mortgage?
What are the advantages of buying a home in cash verses taking out a mortgage? I am steadily growing my savings while living at home and am hopeful that I will have enough to purchase a home in cash in a few years. However, I have no experience in investing and don't understand the advantages of purchasing a home in cash verses taking out a mortgage? What would you do if you had cash in hand? Edit: I would be paying off my...
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