Skip to content
Buying & Selling Tips
Buying & Selling Tips Posted by Sarah Khan 1 month ago

Is bank loan or cash payment better for buying property?

I can either pay full cash or take a home loan. The interest rate is currently around 9% from most banks. My financial advisor says I should take the loan and invest the cash elsewhere.

What do you all think? What are the pros and cons of each approach?

6
4 Replies 366

Log in to join the discussion.

Log In

4 Replies

Maliha Begum 1 month ago

I’ve been in real estate for 15 years and I can confirm everything mentioned here. Solid advice.

1
Maliha Begum 1 month ago

Thanks for the detailed breakdown. One thing I’d add is to always check the building’s structural integrity before buying.

0
Ayesha Siddiq 1 month ago

Can you elaborate more on this? I’d love to hear more details about your experience.

4
Sarah Khan 4 weeks ago

Has anyone consulted a lawyer about this? I think professional legal advice would be worth the investment.

4