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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 7:38 pm to JohnnyKilroy
Posted on 3/2/24 at 7:38 pm to JohnnyKilroy
quote:not to mention, mortgage interest is deductible, earnings are taxable. This tightens the delta even more. I would put down enough to avoid mortgage insurance.
I’d put as much down as possible with 7% rates. Meh. Treasuries and hysa are paying ~5% That’s not that big of a delta to give up as much liquidity as possible.
2
Posted on 3/2/24 at 7:46 pm to XenScott
quote:
I’d put as much down as possible with 7% rates. Meh. Treasuries and hysa are paying ~5% That’s not that big of a delta to give up as much liquidity as possible. not to mention, mortgage interest is deductible, earnings are taxable. This tightens the delta even more. I would put down enough to avoid mortgage insurance.
Is it? I thought something changed when Trump was in office but maybe it’s just writing off a proration of your mortgage when you work from home.
I just know if it is I don’t have enough write offs to get higher than the standard deductible.
This post was edited on 3/2/24 at 7:54 pm
Posted on 3/5/24 at 11:08 am to XenScott
quote:
not to mention, mortgage interest is deductible,
That only applies to some massive OT ballers. With the new standard deduction, it takes a very large mortgage to be able to itemize for many folks.
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