Quote:
Originally Posted by Flames in 07
There is no right or wrong answer, from a cost of capital standpoint you are right, you are just effectively saving the interest on a loan with a very low rate which is a small benefit. However it comes down to your alternative use of the money. Equity in your house sure beats the markets over the last month right?
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Yup, it's the blanket statements that bother me. You should do this, do that, 25% down at least or you shouldn't be buying a house, 35 year mortgage terrible! etc.
Decide what works for you and go for it!