Home Purchase Situation - Need Suggestions
I just moved to Austin from Bay and looking to purchase home for living.
Found one for 350K. I have 300K cash in Online Savings account and close $500K vested / $300 unvested stocks from my employer.
I did a prequal for Mortgage just to check my credit and i’m qualified for 3% interest for 15 years term.
For my situation, should I sell $75K worth of vested Apple stocks to purchase the house by Cash (and to keep $25K as cash for emergency fund)? Or Go for Mortgage, may be with 20% to 40% downpayment and try to invest rest in Market to produce good returns to beat the Mortgage interest liability and produce additonal dividend/coupon (if i’m lucky considering the bull run)?
TC: 275K (150K base + 125K rsu, bonus yearly avg.)