Only if you want to buy a new one and also can afford to buy it with cash!
Pay cash.
I will say u should purchase the house why because you can live in that house for so many years and if you want to sell it year later you can even get more money than what you pay to buy the house so I will say buy the house
I would think so. Though the bank should be using all means possible to get that cash from you to pay for your currently foreclosed house. Even if they don't, paying in full with cash for anything will always be accepted.
One can buy a house with no mortgage if they are wealthy individuals who do not need loans to pay off a house. They usually pay the full amount of a house in cash.
If you have accumulated enough money to pay cash for a house you would present the payment for the house to realtor or lawyer that represents the current owned of the house at the closing. It is likely that they would require a cashiers check for a sum that large.
Not all cash. You have to pay some cash to buy any home (the down payment). Therefore you buy it the same way you would buy any house.
People who pay for everything in cash have no credit.
no you should not
Yes.
You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.
Yes, you should pay off you house mortgage because otherwise, you do not truly own your house.
if you paid cash for the house do you need homeowners insurance