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Started By
Message
Timing: Is now a good time to look into Real Estate?
Posted on 5/15/13 at 12:20 pm
Posted on 5/15/13 at 12:20 pm
I'm looking at reducing some of my stock risk and buying a home. Other then the obvious advantage of being a homeowner. What does the MT board think about putting more down on the house to both reduce my stock exposure and have a lower mortgage. As opposed to a smaller down payment and leaving more in the market. Assume even at lower down payment I'm at 20% to avoid PMI etc.
TIA.
TIA.
Posted on 5/15/13 at 5:26 pm to Oenophile Brah
Its really up to you. I don't see a bad option there.
Do this if you can put 20% down, keep some in the market, and still have an emergency fund of 6 months of expenses on the side. Paid for houses are a good idea too though..
quote:
As opposed to a smaller down payment and leaving more in the market
Do this if you can put 20% down, keep some in the market, and still have an emergency fund of 6 months of expenses on the side. Paid for houses are a good idea too though..
Posted on 5/15/13 at 6:37 pm to Oenophile Brah
2 years ago would have been ideal. But, you can't turn back the clock. Go for it, interest rates are so low that it's worth it.
Posted on 5/15/13 at 8:00 pm to Oenophile Brah
With rates as low as they are I'd put down as little as possible if you can get that rate.
Keep in mind that the goal is to reduce the rate (after the tax break) to about the rate of inflation, which historically is roughly 2.5%
Keep in mind that the goal is to reduce the rate (after the tax break) to about the rate of inflation, which historically is roughly 2.5%
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