Quote:
Originally Posted by kevman
Somewhat on topic financial question...
Can you avoid paying CHMC fees by "securing" a mortgage to additional assets? (ie, physical gold bullion)
Since gold appears to be a hedge against everything else completely falling apart perhaps it's best to keep some gold and other investments instead of putting all of your money into a down payment. As long as borrowing is still practically free it seems to me you'd be better off keeping your down payment invested to ensure better diversification. If interest rates were to really jump you'd still be able to take advantage of your 20/20 payment option to reduce your principle.
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In an indirect way, couldn't you get a secured LOC against your gold, than just use that $ to put your downpayment over 20%?