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Do I need a loan if buying in cash?

My father passed away and I received life insurance as the sole survivor.

In total, my SO and I have 400K, including the life insurance and savings (rainy day fund is separate). Houses and neighbourhoods we’re interested in range from 300K-350K.

300k for old homes 350k-380k for new homes

Should I still apply for a mortgage loan before contacting a real estate agent? If we qualify for a 350k loan, do I have to use all of it? Can we get a reduced interest rate?

submitted by /u/a82i53icu37t2
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source https://www.reddit.com/r/RealEstate/comments/165dmna/do_i_need_a_loan_if_buying_in_cash/
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