Difference Between buying and renting a home?

Yes, if you have all cash, you can buy it outright. no mortgage at all.

You would still be responsible for annual property taxes, insurance, utilities.

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Yea, pay cash. That's the better way to purchase a home. The reason why though that people do mortgages is because they can't afford to buy the house in cash. I only make $130,000 a year but managed to save my money for 5 years and just bought me a beautiful $650,000 mansion that I paid cash for. I still had money left over to buy my dream car that I wanted which is a 2017 Porshe Cayenne Turbo S that was a $150,00. I only pay yearly property tax on my home which is dirt cheap, utilities, and insurance. That's it

You either pay the house in cash or get a loan. If you had that much money, you wouldn't be asking that type of question. You would be more knowledgeable about money. When you have a mortgage, meaning when you buy a house and you don't pay cash, and have to pay monthly installment. The amount of the loan would depend on your finances and your credit. If you make $

If you have the cash, sure, you don't need a loan. Do you have $650K in cash? Pay in cash, no mortgage needed.

unless you have that amount of $$ in cash, you would need to get a loan, and then have a mortgage

you own juan and you rent one