Real estate!?

have purchased a house for $250000. Can afford to pay cash without a problem . Is it better to pay cash or do a 30 year conventional loan with 20% down ? Taking a sliding $ into consideration.

That depends on several factors, mainly:

(1) What do you mean by "conventional loan"? Fixed rate? Variable rate? All bets are off on a variable rate loan.

(2) What is the interest rate compared to the return on alternative ways to invest your money? The lower the interest rate, the more it would favor your taking out a mortgage.

(3) What is your tax bracket? You need to make all calculations including the relevant tax considerations.

Check out the link below for a variety of "calculators" that can help you go through the calculations.

Tags

　　Personal Finance 　　Investing 　　Insurance 　　Credit 　　Corporations 　　Other - Careers & Employment 　　Technology 　　Marketing & Sales

Related information

Send money from paypal to bank account?

Log into your paypal account, and you'll see a tab at the top of things to do. Select the one that says 'withdraw funds' and it will give you options. Select the one about transfer...

If the bank forecloses on the real estate owned by my LLC how will that affect my personal credit?

If the loan used to purchase the property through your LLC was not personally guaranteed by you, then it will have no affect on your personal credit. But if the loan also had your personal guarant...

Should I use up all of my consolidation loan or split it between that and my credit cards?

Since you already got the consolidation loan, pay off the highest interest rate credit cards first. The debt to available credit limit ratio is based on the overall debt and limits. You should ...

Why will paying off accounts more than 3 months past due lower my credit score?

Your score will be lower due to the history of your accounts. Be aware that paying off a collection account,or closing an account on which you previously missed a payment, will not remove it fr...

Will I get VA loan approval?

It would help to pay some of them off, but it is not required. The only thing that they will require to be settled is any outstanding judgments. I recently got a VA mortgage and had to settle a...

Macy's Card?

Angel, I apologize for not replying to your message you sent earlier, as I just overlooked it in my email. As far as the card goes, I do not believe that the prepaid cards have any effect o...

How can I get a free background check (report) on someone?

zabasearch.com You can find out limited information free like phone and address, more in-depth information of course you have to pay.

...

Should I close my credit cards that charge a monthly, annual fee, or high interest?

If you are planning on buying a condo, don't close any accounts yet. The ratio of revolving credit card debt to available credit limits is a big part of your credit score. You should keep th...