What would be a positive aspect of buying a house with cash, rather than having a mortgage? what would be a negative aspect of buying a house with cash instead of a mortgage?

Positive is that you own the house and don't have to pay taxes and rent. Except for property tax. Negative is that if there are any major issues or problem with the house then it's up to you to fix it. A lot of the Times the bank will work with you on your mortgage and help you keep the house valued. If you don't pay the mortgage however you can lose the house

Answer60 minutes;

Answerthe ability to use knowledge and skills to manage financial resources effectively