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re: Down payment on a home - how much is too much?

Posted on 2/23/13 at 9:36 am to
Posted by tygerfan1
Member since Aug 2008
2293 posts
Posted on 2/23/13 at 9:36 am to
Would you take out a loan to invest? That's basically what your doing if you invest instead of putting it on your house
Posted by notiger1997
Metairie
Member since May 2009
58262 posts
Posted on 2/23/13 at 10:44 am to
Posted by ItNeverRains
37069
Member since Oct 2007
25577 posts
Posted on 2/23/13 at 10:59 am to
quote:

Would you take out a loan to invest? That's basically what your doing if you invest instead of putting it on your house


No, it isn't.

Yeah, put and extra 20k down on a 300k house at 3.5% to knock 60 bucks off monthly mortgage. There's little hope of making $720 a year off that 20k over 30 years.

DRI (Dave Ramsey Idiot) copyright 2013
This post was edited on 2/23/13 at 11:02 am
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