Should I buy a 400k house in cash, or put 0 down since I'm using the VA loan? Rates are around 5.875% and I wouldn't need private mortgage insurance. What would you do /biz/?>Pic unrelated and 3000 miles from where I live
>>62241700cash. 100% of foreclosures happen on houses with mortgages. it will be worth it to not have the extra stress and complexity in your life.
>>62241700Portfolio growth once you have a couple hundred Gs is nice though. I wonder what a 15 year mortgage would look like
Is your potential mortgage rate locked or adjustable? There is a lot of uncertainty in the housing market that makes a mortgage more attractive.
>>62241734Meant for >>62241709
Having a fully paid off house puts your mind at ease and allows you to invest your excess income somewhat aggressively without ever having to worry about losing your home. When you’re a debt slave to banks, that insecurity will always weigh in on your decisions
>>6224170050% cash. borrow 199k which is nothing. pay it off over the next 10 years.
>>62241750Yeah I feel like I'd feel better still having some money to mess around with
>>62241700Use the VA loan if youre planning on actually living in the house.
>>62241749This. In the same situation.When the home situation is solved, excess money just feels "for free".
I feel like Portland is worth a lot more than 400k
>>62241947retard
>>62241925Yeah I will. I've heard of guys using it once a year for a new property when rates were like 2%
