How much money should I put down on a house
I am planning to buy house around seattle. Budget: 500 to 600k Cash: 100k AMZN vested rsu: 65 401k: 30k #seattle
Somewhere between 20% to 100%. The golden ratio depends on market conditions, your income as well as the price of the house. Consult a tax professional.
Thanks
20% not a penny more or less. You don't have nearly enough money for a house though so keep saving.
Tree fiddy
Assuming your credit is good and you get a killer interest rate, no more than 20%. Your cash is better invested, and buy the house with other people’s money.
Here’s a thought experiment: If you had a completely-paid-for house, would you borrow against that house to invest?
If it were at the right interest rate, sure
20% unless you are a veteran, then 0%.
Veterans have benefits when it comes to getting a mortgage?
At least 20% to avoid PMI.
Pm isnt that expensive tho right? Put 5% down for a fha loan