Talk of The Villages Florida - View Single Post - Closing on a new house when paying cash
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Old 08-21-2008, 04:40 PM
rshoffer rshoffer is offline
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Default Re: Closing on a new house when paying cash
Now i'm all worked up and worried... When we decided to move to TV our mountainside home in Pa. sold immediately. We have always made financial decisions of any large magnitude with our accountant, our financial advisor (2 different professionals with no connections) and ourselves. We met together, all of us, and one of my main questions was; "should we pay cash for our new Villages house"? We were advised by both, quite emphatically, "NO!" We were advised to finance AS MUCH as we can and invest the cash... especially since the Market is down. Well, I'm an old Pennsylvania Dutchman and debt (even as they call it 'good debt') troubles me. But I followed the advice of the experts I pay to give me advic and financed the entire home. Wonder if I did the right thing?