Monday, September 13, 2010

how does getting prequalified for a home loan help in purchasing a new home?

for first time buyers, with not so stellar credit. if i can pay for the whole thing in one fell swoop, why is everyone advising me to take a mortgage?

wouldnt it be better to buy it outright? then i wouldnt have to sweat coming up with a monthly sum- a mortgage doesnt seem so different from having to come up with a rent to me