Is Cash King?

By
Real Estate Broker/Owner with PMI. Destin

Cash reserves are always good especially as we head into a time of financial uncertainty.  Also known as "liquid assets", these reserves also include any items/funds that can be quickly turned into cash.

These can be funds in a checking and savings account, most investments, or retirement accounts.  

It is always nice to have some funds in reserve because there are always items that are unexpected when you buy a new home or move.  

If you have questions about a mortgage and don't know where to turn, send me a message and I can connect you with one of the expert mortgage professionals I work with!

 

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Comments (5)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Happy Thursday. Great information.  Thank you for the post and sell a house. Bill

 

Sep 29, 2022 06:33 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Hello Peter,  I believe the term 'liquid assets' best fits me because I seem to watch them literally run through my hands.  lol  Thanks for the post.  M 

Sep 29, 2022 03:55 PM
Roy Kelley
Retired - Gaithersburg, MD

This is good information to share with prospective mortgage borrowers.

Sep 30, 2022 05:03 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and enjoy your day!

Oct 01, 2022 07:02 AM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Thank you for sharing this good information.  Enjoy the rest of your week Peter Mohylsky 

Oct 05, 2022 07:00 PM