Quote:
Originally Posted by Dcbrickley
I deal with high net worth clients all the time, most of them get loans. Not because the are "required", they do it because they want to conserve their cash for other investments. And I can assure you what I was told is true, it is from a trusted source I've done loans with for 20 years.
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It actually makes perfect sense. Mortgage the house at 3.5-4%, and keep all that cash to earn 6%+ on investments instead. It's essentially why we didn't put a ton down for our new home.