Tigers

quote:

---

Currently in the process of closing on Land. Right now we're planning to do 15%/20yr term/5.45% interest. There's no interest incentive to do a 15 year term, or to put 20% down.

The Lender has an option for 100% financing, but at 5.95%-6.15% interest.

In either situation, our plan will be to pay it off early. 7 years if putting 15% down, or 8 years putting 0% down.

Should we hold tight to the cash - roughly 33% of our liquidity (excluding Roth's) - and sacrifice 0.5-0.7% interest?

I have been laid off before (unpaid for 2 months), so we understand the importance of having a good emergency fund.

---