Originally Posted by loochy
need it to buy a house
who has cash to buy a house? not many.
here is another reason (this happened to me)
I found a little rental i wanted to buy.....but it was ****ed up bad....no lender would lend on it. I used my savings to buy it cash, fix it up........and then a year later i got a mortgage on it to get my savings back.
situations like that are not uncommon....