Buying Outright vs Carrying a Mortage

[Bill Fleming]

What are the advantages/disadvantages to buying outright vs carrying a mortgage. Are there savings related to closing costs, etc.?

I have found what I believe to be a good deal, but I'm worried about closing costs and selling costs eating up a lot of potential profit. I may be able to purchase outright if there are significant advantages to doing that.

Thanks in advance for all your help!!