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Blog - Port Ferdinand

Cash-rich? Why It’s Still A Good Idea to Finance Your Real Estate Purchase.

Posted on Fri April 13, 2012 | By Maya A. Johnston

Bronte, Christ Church

 

 

Having decided to buy property, the question that is frequently posed by our Private Clients is how they should pay for it - should they finance or use cash?

 

In answering this question, I find myself torn between two mindsets. My family upbringing wants to blurt out that cash is king and that you should never borrow if you don’t need to, but the banker in me is almost legally bound to say “Why finance, of course. How much do you need?” Here’s why my banker alter-ego is actually right this time around.