I'm going to inherit about 500k. It will generate about 1100 a month. I dont know much about money or investing. Is it better to use some to put a 10 or 20% down payment on a 300k house or is it better to buy the house outright so I'm mortgage free? My wife and i will have an annual household income of approximately 85k before tax. We dont have any savings at the moment. We are early 30s without kids but want to start a family soon. Home ownership is important to us.
Thank you.
Submitted January 04, 2018 at 02:47PM by Paulyo83 http://ift.tt/2lWkjQJ
