I hear conflicting views on whether or not its a good idea to put this much down on a house and wanted to reach out to this community on your thoughts. A bit of background...shopping for a new home in the near future and I have about 150k left on my current mortgage. Anticipate to sell for about 600k netting 450k. Is it wise to put that all towards a next home selling for 850-950k? Main reason being I’d like to have a very reasonable monthly payment. I max my 401k and have a decent amount in an online savings. I probably should invest in some index funds but no nothing about stocks. Advice appreciated and thanks in advance!
Submitted March 07, 2019 at 07:29PM by ckim82 https://ift.tt/2C9GFpX
