Have the means to pay cash for an expensive home - what are pros/cons?

Well I would speak to a financial adviser. The reason I say this is by having a mortgage you are entitled to write off the interest paid. You can borrower money very cheaply right now. Speak with a financial adviser and see if you invest some as opposed to paying cash for the house and take out a mortgage if you will benefit. I would also speak to your accountant. By speaking to both you will be able to make the best informed decision. Of course you should speak to a loan specialist as well to see what kind of rate you would be paying. Hope this helps!

Definitely talk to a financial advisor, maybe more than one to get multiple perspectives. Other thoughts: 1. Make sure you consider all the costs of ownership, taxes, insurance maintenance and repairs over time. 2. Once you use the money to buy a house it can be difficult to access that cash again if you ever need/want to. 3. Consider even a small mortgage (possibly even short term like 10-15 years) that would be easily affordable to keep your credit active and provide a small deduction for your taxes. Congratulations and best wishes!

I agree with the first answer: Consult with an experienced lender as well as an objective financial consultant. I have a referral team of advisors including financial that I guarantee put your interests ahead of their interests if you do not have one already. This decision is financial, but also must be tempered with personal considerations as well. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Like others have stated, speak with a financial adviser to see what they recommend. If you would be exhausting all of your cash, it might be wise to mortgage a small amount of the property, so that you still have cash on hand in case of emergency.

CASH IS KING.. and If you talk with a financial advisor, he would say the same thing.. current interest rates are under 5%, and some programs are even below 4%.. but with a $2M brokerage account, you would most likely get well over 10% so by paying cash, it would actually cost you.. plus, paying cash for a home is the worst place you can park your money.. the only way to tap into it would be to get a loan, or sell the property.. if your not in a financial position to get a loan, then you would have to sell to get your money... If you are in a financial position to get a loan, you have to pay closing costs to tap into it.. either way it's a lose, lose situation for you.. keep the cash in the bank and go finance as much as you can.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Financial advisor question for sure, but it all boils down to being diversified, all your eggs in one basket could be more risky