Posted By jeeptj02 on 07/01/2008 5:57 PM
so you have a quater of a million to half a million in cash lying around to pay for a house?
Houses around here are about half that price these days....
If you finance that $250,000 house you are really paying $540,000 @6% interest. If someone spends their life planning their finances right and can afford to pay cash for a home they are pretty much getting the house for half off. |