I’m looking into buying a million dollar house within the next few years. I need some advice here. Really, how much downpayment should I put in?
Should I put just 20% down & get 30 yrs fixed rate?
Should I put just 50% down & get 30 yrs fixed rate?
Should I put just as little as possible and get a 7/10 yrs ARM?
For those who own high end homes, please advice me and tell me how you guys do it.
My various investment returns are getting 7% plus Return on Investment, so I’m just curious what exactly is the strategy: Should I keep my money invested or should I put in a big downpayment?
I love my house. I’ve told people I wouldn’t sell it for a million dollars. But I’d entertain offers of, say, $1,000,001 🙂
Seriously though, I’m all about liquidity. I’d say go with 20% or whatever down payment gets you a good jumbo rate. Equity is nice, but these days it’s about as illiquid as you can get.
I love my house. I’ve told people I wouldn’t sell it for a million dollars. But I’d entertain offers of, say, $1,000,001 🙂
Seriously though, I’m all about liquidity. I’d say go with 20% or whatever down payment gets you a good jumbo rate. Equity is nice, but these days it’s about as illiquid as you can get.
I love my house. I’ve told people I wouldn’t sell it for a million dollars. But I’d entertain offers of, say, $1,000,001 🙂
Seriously though, I’m all about liquidity. I’d say go with 20% or whatever down payment gets you a good jumbo rate. Equity is nice, but these days it’s about as illiquid as you can get.
I love my house. I’ve told people I wouldn’t sell it for a million dollars. But I’d entertain offers of, say, $1,000,001 🙂
Seriously though, I’m all about liquidity. I’d say go with 20% or whatever down payment gets you a good jumbo rate. Equity is nice, but these days it’s about as illiquid as you can get.
