Financing a home is more common than you might think dont pay cash

Good morning Manfred. Using other peoples money to make money is as old as dirt itself. As a loan officer for a bank catering to high end clientele, I made loans to people who had enough cash to buy their hime ten times over. One commented that why use my money when I can use yours. That was back in the day when you could borrow money in the 7% range but use your cash to get a greater return. When times demand some will pay cash, but most need to finance. Enjoy your day.

Manfred, I agree, I think at most in Denver I only saw 25% of the homes sold were paid with cash.

Good afternoon Manfred Lewis Leslie Horne & Associates ,

The 74% statistic sounds true and accurate. My grandson and wife just purchased their first home and they took a loan out and are thrilled to now be building equity rather than paying their landlords loan off!