My goal for a house purchase is to put 20% down. Have an extra 15k for emergencies.
If I bought a 120k-150k house w/ 20% down. With my income of ~74k/yr. Would it make more sense to invest heavier in index funds/big blue chips I research with a 30 yr mortgage? Otherwise does it make sense to buy 15 yr mortgage and just aggressively pay that off with the disadvantage of tying capital up that could be invested to make better returns?
I’m just wondering from your experience what’s the ideal strategy if the goal is to generate wealth/save money. I also wouldn’t mind a book suggestion if there’s one on buying a house for the first time.
Submitted August 20, 2021 at 08:38AM by Market_King https://ift.tt/3z6fc3V
