Buying-A-Home-With-Cash-vs.-Financing-in-Lawrenceville Ga Going into debt is always a bad idea if you can avoid it (we often hear) but sometimes it makes good financial sense to finance a large purchase. Buying with cash and financing both have their pros and cons especially when it comes to real estate which often makes it a tough dilemma to resolve. So buying a home with cash vs. financing in Lawrenceville Ga which is better? If youre about to buy a home you need an answer to that question not a non-committal It depends. Lets see then which way has the most pros and lets begin with the financing option. Remember To Watch the Video Below Financing a Home in Lawrenceville Pros Financing instead of buying a home with cash in Lawrenceville Ga carries several significant benefits. Perhaps most important of these is the fact that when you finance you get to hang on to most of your cash. So if you need to make repairs or renovations or make a down payment when its time to buy a new home you will have the money on hand to do so because youll still have plenty of liquidity. In addition financing your home will improve your credit score and youll still have cash available to pursue investing opportunities. Financing also has certain tax benefits that buying a home with cash in Lawrenceville Ga doesnt. For example with financing you can deduct your mortgage interest and the cost of some improvements. Also financing will allow you to take the homestead exemption which in some states provides a huge amount of protection from creditors. Buying a Home with Cash in Lawrenceville Pros Now lets examine the many pros of buying a home with cash in Lawrenceville such as: FASTER WITH LESS HASSLE Buying with cash means obviously that you wont be going through a lender so you wont have to fill out a bunch of loan-application forms and then wait around for loan approval and processing. You also wont have to worry about your credit score. And closing with a cash purchase is usually a lot faster because there are far fewer parties involved. IMMEDIATE EQUITY When you buy with cash the home is all yours on signing the papers and handing over the money. This means that it isnt co-owned by you and the bank and its fully paid for. So you immediately have the full equity of the homes worth available if you should need it to secure financing for other purchases or investments. An equity line of credit can be a lifesaver sometimes. NO MORTGAGE PAYMENTS Buying a home with cash in Lawrenceville can also provide you with a great deal of peace of mind simply because you wont have to worry about making that mortgage payment every month for the next 15 to 30 years. The only expenses you will have are the inevitable property taxes insurance and occasional repairs. NO MORTGAGE COSTS AND LOWER CLOSING COSTS Another pro of buying with cash is that youll save the thousands of dollars you would otherwise have to pay in loan origination fees and processing fees and for mortgage insurance. Youll also save the many more thousands of dollars youd pay in interest over the years. And the icing on the cake is that closing costs will be much lower with a cash deal. BUYING LEVERAGE Finally buying a home with cash in Lawrenceville gives you buying leverage. When you have cash in hand and show it to the seller your offer immediately becomes more attractive. Paying cash is an easy way to win a bidding war. So which way is indeed better: it depends on your situation! No matter which way you choose to buy we are here to help! Do you want to learn more about buying a home with cash vs. financing in Lawrenceville ? We can help! Send us a message or give us a call today! 678-337-1165 The City Of Lawrenceville is a city and the county seat of Gwinnett County Georgia United States. It is a residential suburban area of Atlanta located approximately 30 miles northeast of downtown. As of the 2010 demographics the population of Lawrenceville was 28546. In 2015 the U.S. Demographics Bureau approximated the city populace to be 30493. Lawrenceville is growing daily. Many people are finding great restaurants and other recreation close to home that downtown is not such a big draw anymore. Enter Your Information Below To Get Immediate Access ... to our rent to own specials. These are not found anywhere else! First Name Phone Email Comments This field is for validation purposes and should be left unchanged. The post Buying A Home With Cash vs. Financing in Lawrenceville appeared first on Fresh Start Home Sales. via Blog Fresh Start Home Sales https://www.freshstarthomesales.com/buying-a-home-with-cash-vs-financing-in-lawrenceville-ga/