Hi all,
I'm looking for a house around $850K/30yrs/7.125%. Would it be wise to withdraw all $200K from my investments for the down payment?
I plan to finance with 0% down and manage monthly payments comfortably with my income from work and disability compensation (100% P&T).
Some of the perks I have (correct me if I'm wrong):
- I live in California which provides 100k property tax-exempt
- No PMI with 0% down
Part of me leans towards using my investments due to the interest I'd pay over time, while another part suggests keeping them to allow for growth and possibly considering refinancing in the future. Any advice would be greatly appreciated
Pull Out Investment for House Down payment?
byu/thefobjang inMilitaryFinance
Posted by thefobjang