Updated over 7 years ago on . Most recent reply
Percentages for down payments
We are looking into buying our first investment property in which we will live for a year and then proceed to rent out. We have a large sum of money in stock investments that’s are doing very well. We are a young couple in our twenties, and are not scared of the fluctuating market.
Our question is, how much would you recommend us to put down on our first home? We have enough to put down 20% to eliminate PMI, but would like some advice as to if this is a smart move? - as this home will be a future rental.