Question: Buy a House in Cash with HELOC or Convential Loan?

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Question: is it better to take a conventional mortgage (20% down) or is it better to buy the home in cash than go to the bank and take out a HELOC or something to about (80%) and invest that money?

Thoughts are if you take a convential mortgage, your paying 2 to 3 times the amount of the home in your loan, whereas if you buy the home in cash, you could potentially get the home on a discount, than turn around and take out a HELOC on 80% of the home value, where you can invest it in the market.

Anyone thought about this?

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LurkerGhost

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Posted: 4 years ago
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