Asked by Peng Yu, 46204 • Thu Jul 3, 2008
I just assigned a purchase agreement on a house less than 250K. How much downpayment I should put, 20% or 35%, if I have the cash? I need 20% to avoid PMI. But will we be better off if we put more down? On one hand, we can pay less interest. On the other hand, I heard putting too much cash down will miss other investment opportunities (actually I don't know what to invest given the current economy).. Thanks in advance!
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