With house costs coming down, I have enough financial savings now to buy a house for cash. Setting a cut-off date is way easier when you buy a house with money only as a result of payment isn’t contingent upon when a mortgage gets authorized.
Prospective owners questioning if they will purchase a house using cash will be pleased to hear that the reply is a giant yes. Calling it a mortgage to skirt the $100K reporting threshold just invitations hassle from the IRS. It’s solely if you want to