I also wondered if waiting 3-4 years to save the cash so we need financing for just 417K will be wise – given the fact that rates will be higher, possibly MUCH higher and prices not that much lower – especially in the areas we are looking at – RB, PQ – which have not seen *THAT* much distress. (Well, I suppose if the rates are much higher, one can take a longer ARM and refi to a 20-30 yr FMR when the rates come down. Of course, still making extra principal payments).
Shall we raid out our 401Ks completely (we can borrow 50% of them) so we can bring it to 417K? I have a funny feeling that HLS would agree with that strategy…
