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re: What's the most amount of money you'd put down on a new house? It would be a new build.
Posted on 3/2/24 at 10:16 am to VermilionTiger
Posted on 3/2/24 at 10:16 am to VermilionTiger
With rates at 6-7%, I’d find the balance to where you put as much down and still feel financially secure. Everyone is different though.
I put 50% down when rates were less than 3% thinking I’d want to pay it off in 5 years and be debt free.
Kicking myself now that I could be coming out ahead by 2 grand per year with a simple HYSA if I only would have put 20% down.
I put 50% down when rates were less than 3% thinking I’d want to pay it off in 5 years and be debt free.
Kicking myself now that I could be coming out ahead by 2 grand per year with a simple HYSA if I only would have put 20% down.
Posted on 3/2/24 at 7:56 pm to Tifway419
quote:
I put 50% down when rates were less than 3% thinking I’d want to pay it off in 5 years and be debt free.
This was not a smart move, and this isn’t hindsight. Anyone that told me they were doing this at the time I’d have told them they were a moron.
This post was edited on 3/2/24 at 7:58 pm
Posted on 3/4/24 at 8:15 am to Tifway419
quote:this is me. I’ve always been debt adverse. Put down 60%. Missed out on lots of money
put 50% down when rates were less than 3% thinking I’d want to pay it off in 5 years and be debt free. Kicking myself now that I could be coming out ahead by 2 grand per year with a simple HYSA if I only would have put 20% down.
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