Woman leaves people stunned after sharing what true meaning is when someone 'pays cash'

If you've ever found yourself in the position to actually buy a house - I know it's rare these days - then you may have come across the term 'cash buyers only'.

On top of that, you're often up against other house hunters who are much wealthier than yourself.

If you're unsure what that means, though, finance whizz Fran is at hand to demystify the whole process.

She wrote: "When someone says they ‘paid cash for their house’ or ‘bought their car with cash’ it doesn’t literally mean they paid with physical notes.

"It just means they had enough money in their bank account to pay the full price upfront, and didn’t need to get a mortgage loan or a car loan."

Well, it turns out that there are a lot of people who didn't realise the above.

Another admitted: "I always imagine they pulled out a briefcase of bills tho."

"I literally pictured people slapping a wad of cash on the table and then the house is theirs," put a third.

While another added: "I was today years old."

Not everyone was surprised by the explanation, though.

I know it's hard to believe, but there are many who've always known the truth.

Well, quite.