Purchasing a home cash might seem like the dream but it can have its pro’s and con’s. People often feel more secure when purchasing a property in cash because the responsibility of having a bond repayment can be stressful at times especially because it’s over a longer term.
You also have the option of purchasing a property and renting it out and where in some cases where the prime interest rate drops, the rental amount you receive can potentially be more than your monthly repayment. This allows you to not only pay your monthly repayment but you will also have additional money covering your levies, rates and taxes, etc.
