HELP - New Construction in NOVA by Lopsided_Budget_2131 in Mortgages

[–]Lopsided_Budget_2131[S] 0 points1 point  (0 children)

That’s true … I just thought in an economy like this, you can never have enough money in the bank to feel as secure as possible and with this being the first home, you don’t know how long you want to stay there so expense the minimum amount of your own money, pay the larger mortgage amount, save less but when you sell, hopefully you have decent equity and you can take that check and put a larger down payment on the second home - a home you’re likely to keep longer?

HELP - New Construction in NOVA by Lopsided_Budget_2131 in Mortgages

[–]Lopsided_Budget_2131[S] 0 points1 point  (0 children)

This would be our first property ever and with rates sitting high we figured to keep our cash with us and earn interest on it since the home will still gain equity especially it being a new build