First Mortgage or Home Equity Loan…Easiest?

DWQA QuestionsFirst Mortgage or Home Equity Loan…Easiest?
ctasfullloleso asked 6 years ago

Hello all…

My situation is I am looking to buy my first home. Fortunately, I have enough money to buy it in cash. What would be an easier procedure…to get a conventional mortgage or pay for the house in full in cash and take out a home equity loan or line of credit to cover any home improvements? My realtor says with cash, I will have a lot more leverage to negotiate a better deal. I am buying in the Jacksonville, Florida area. Thank you for any help you can offer me.

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