First time house buyer in the US, California, Los Angeles.
- Looking at a $1M property
- Liquid assets are around $1.3M
- My inclination has been to put down closer to 40% than 20% given my liquidity
- I may be in the need for cash for a second home / realize stock option in the next 2-5 years
My question. My assumption was that putting down 40% over 20% is a good idea to
- keep principle lower
- make for a better offer
- secure better rates
But am I naive about this? Is there ever a situation where putting down more than the minimal is a good idea?
The money is currently invested in index funds with a return of ~ 5-6% year to date.
Thanks so much for your input. Any additional information I can provide for some coaching please let me know.
Submitted May 14, 2018 at 09:02AM by cacecototh https://ift.tt/2GezsUP
