We're in the process of selling our current house and fortunately have a couple options for our new house.
We can take the proceeds from our sale (about $650K) and pay cash, most likely coming out about even. Or my father-in-law has offered to essentially be our mortgage lender at the IRS' family loan rate (between 2% and 3%) thus freeing up about $400K-$500K in cash for the time being. We already have an emergency fund and money to pay our monthly bills, so the main idea would be to take that cash and try to grow it, and maybe pay for a house project or two. What would you do? Thanks!
Submitted January 29, 2019 at 06:00PM by BurtPeterson13 http://bit.ly/2SgQOKW
