Hopefully you did not take my psot to poke fun at your strategy but by all accoutns i would think most financial advisors would suggest it to be somewhat of a inopportunistic way of investing your capital.
I say this because while some may look at the interest rate adn deduction with respect to a loan I look at this relative to the loads on Great Mutual fund families. I will use the exmple of The American Funds. Most of their funds carry a front end load of 5.75%. But as you use your Rights of Accumulation (Breakpoint for dollar amounts invested) thes costs go down dramatically.
So when i look at a million dollar purchase (or more in your instance) and consider the difference between putting 20% down vs 35% that difference could be substantial with respect to potential break points that could be earned with a minimal amount of money management.
My question for you is whether or not you advisors are sort of in the same camp as me with respect to utilizing your cash or are they the ones suggestig to put the money down on the home?
