Candyce Mcclory
Candyce Mcclory voted up DDX Project's answer
I am wanting to purchase a house. The amount I have in cash is $150k and the house price is $180k. What is the best way of bridging the gap with getting any debt?

The best way? Keep saving until you have more than the full value.

Besides that are you sure you want to spend ALL your cash on a house? Will you suffice if you lose your job the next day? Don't forget home insurance, electricity, water, etc on top of your usual expenses.

You're much safer to have … Read more

Candyce Mcclory
Candyce Mcclory voted up DDX Project's answer
I am wanting to purchase a house. The amount I have in cash is $150k and the house price is $180k. What is the best way of bridging the gap with getting any debt?

The best way? Keep saving until you have more than the full value.

Besides that are you sure you want to spend ALL your cash on a house? Will you suffice if you lose your job the next day? Don't forget home insurance, electricity, water, etc on top of your usual expenses.

You're much safer to have … Read more