Mar 10, 2010

Explain the costs of purchasing cash vs. financed.

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“A cash deal is less expensive for a buyer as they do not have lenders fees such as loan origination, appraisal, escrow, and prepaid interest fees on their HUD-1 settlement statement.  An affluent individual may choose to finance anyway as he/she may feel that they can make more money investing their cash to offset the cost of a loan and interest paid on the loan.”

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