Hi, we are in the plans of building a home and I was thinking of selling my stock portfolio to give a max possible down payment. I do not have a ton in stocks, around 180k, I am up 55% over the past 5 years.
My rationale for this is that is exactly why I had the money in stocks, to save up for a nicer home.
Construction loans are interest only until the home is done, so I do not need to do it now, but since i am up, I am thinking i can sell, put the money in a high-yield interest account for 12 months.
I do think the stocks can go up still but we do not know for sure..
Let me know what you guys think.
Submitted June 17, 2024 at 06:01PM by alexshim https://ift.tt/ZkReWm4
