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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

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