Would like a general answer to the question in case others are wondering too, but the specifics of my circumstances are:
- USA
- First time home buyer
- Would be able to pay 50% down in our target price range for a house
- The money not put towards the downpayment would probably earn more than the APR on the loan via stocks
- Excellent credit rating + only small amount of debt
I know 20% is the magic number to avoid mortgage insurance, but do I get a better rate if I pay more down? Do I avoid some other penalties / fees that I'm not thinking of?
Submitted January 15, 2017 at 10:59PM by quentin-coldwater http://ift.tt/2iwpvGt
