10% or 20% down payment on a house
I’m purchasing a house right now. I have the 10% in my saving account, but I can put down the 20% if I pull the money out of my individual investment account. I average a 10% return right now and my interest rate is 2.75. Should I pull the money and put down the 20%? Or if the investment account is making more then the interest rate keep the money in the interest account? Also I Still will have half the accounts value in the investment account. Thanks a lot
Terry Says
Do NOT pull money out of your IRA. And if you are operating on a slim margin, I hope you have some other saved money to use for the unexpected expenses of home ownership!
