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Reply to "Down payment size, would you do 50%"
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[quote=Anonymous]OP, we had a bit of a windfall a while ago from selling our previous house for more than twice what we'd paid for it, so we faced a similar decision on how much to put down on the new one. We opted to go with 20 percent and invest the rest, and we figured if we had to dip into investments occasionally because we were spending more on the house than we really wanted to, that'd be fine. It didn't take very long for our pay to rise to a level where we felt more comfortable in the mortgage (though we also have a sub-3 percent mortgage rate now, so that's a big potential difference). But the money is all fungible unless it's part of a down payment — if you invest it somewhere where it's earning more than your mortgage interest rate is, you can also still be flexible with taking some of it out to cover your housing costs. Once you put it into a 50 percent down payment, you can't really access it without taking out a HELOC.[/quote]
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