Bank Money
I have often heard it said it is better to borrow on someone else’s money than to spend your own. I have a fundamental problem with this saying as I like to pay for everything in cash. I have a large sum of money I would like to invest in a home but I need some mortgage advice. Would it be wise for me to not put so much liquid cash in to a home and opt for a larger mortgage. Perhaps if I went for a larger mortgage I could then pay off the loan faster but still have all the tax benefits from a loan on a home.
