I am looking at buying a house that is $425k. I have the ability to pay cash but not sure if I should, as mortgage interest is tax deductible and usually helps soften the blow with income taxes.
Currently I receive about $150k/year paid to me by a trust fund, I also have a $75k/year sales job.
I have the entire $425k in a money market account, basically just sitting there, so it would not require any withdrawal from any long-term investment accounts on my part.
Is this a good idea?
Submitted January 22, 2017 at 03:26PM by Sharnbrez http://ift.tt/2jmkUYv
