chapse
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 18 Mar 2007
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Trying to figure out what is the best way to purchase a home that I now have the cash to pay for (not obtained from selling a home). So am I better off paying for the house in full (500K) or 20% to 50% down and invest the rest in hopes of getting a better retrun than the mortgage loan (6%) or stick the money in a coupon bond and gauranteed return rate of 5%, and or any other suggestions are welcome.
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Sun Mar 18, 2007 12:50 am |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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Ask yourself - do I want a guaranteed 6% return on my money? Or do I want a nonguaranteed 10% or 12% return on my money? If you are over age 60 and are in your 'wealth preservation' years you might say yes to 6%. If you are under 50 and you are in your 'wealth accumulation' years you'll probably choose the higher return (knowing that you can't 'save' your way to wealth).
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Sun Mar 18, 2007 2:05 am |
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