Why is it better to buy a home with a mortgage even if you can buy it off in full?
In: Economics
Aside from the investment angles, it also helps to establish good credit scores. Your credit score is based off of multiple factors, one of which is your ability to make payments on time with regularity. Nothing is more regular than a mortgage. If you have a long history of paying your mortgage in time, lenders are more likely to give you favorable terms in order to work with them.
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