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Reply to "Saving for downpayment"
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[quote=Anonymous]I would probably put it in a savings account. especially if you are buying a new place, or otherwise need will need a chunk of money for moving. If you had plenty of money in savings for a downpayment, moving, closing costs, etc. and you were confident the house would sell quickly, then I guess it would be make sense to put it in the house. The big difference is that money you put in the house is not liquid-- you probably won't get it back until it sells-- so if you can come up with any situation where that is a problem it is probably worth forgoing the small amount of extra interest (maybe $250?) in exchange for being able to access that money.[/quote]
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