Buy cash and then get a mortgage versus make offer subject to finance Thanks to a leg-up from a well-off father in law, my partner and I are in a position to buy a cheap-ish house in regional WA mortgage free.  However this would completely wipe out all our savings leaving us with zero safety net.  We also wouldn't have any money to do any rennos.  What are the relative merits of getting a small mortgage to keep some cash back for emergencies, versus potentially getting a slightly better deal as cash buyers, and then taking out a mortgage after the purchase to do rennos, and maybe even get a car?