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Updated over 10 years ago on . Most recent reply

User Stats

68
Posts
7
Votes
Steve Maye
  • Homeowner
  • Hendersonville, TN
7
Votes |
68
Posts

Buy my home cash or get mortgage and invest?

Steve Maye
  • Homeowner
  • Hendersonville, TN
Posted

Could someone walk me through the financials on this?  I will be moving soon.  I could pay for my next personal home cash, but it dawned on me that with low interest rates I might be better off getting a mortgage and using the additional cash to purchase another rental property.  

The thinking is the interest rate on my home mortgage would be outweighed by the return on the rental property.  Does this make any sense?

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