Search found 4 matches

by danielnash
Fri May 19, 2017 10:23 am
Forum: Investing - Theory, News & General
Topic: mortgage down payment levels
Replies: 7
Views: 1025

Re: mortgage down payment levels

Most mortgage companies will happily give you a mortgage with as little as 3.5% down. Anything under 20% and you will have to buy PMI but the only thing that has changed from pre-financial crisis is that mortgage companies actually need documentation showing you can afford your mortgage. You should ...
by danielnash
Fri May 19, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Buy 1st House Cash?
Replies: 20
Views: 1812

Re: Buy 1st House Cash?

I would personally only put down 20% and do a 15 year mortgage. You will pay ~3.5% on your mortgage and get some savings from interest deduction on your taxes. All the extra money you would have put towards a higher down payment, I would invest in a taxable/liquid investment account. You seem discip...
by danielnash
Fri May 19, 2017 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Additional Tax Savings for Employed High Earner?
Replies: 9
Views: 838

Additional Tax Savings for Employed High Earner?

Hi All - here is my current situation: - 32 years old, married w/no kids (and no plans to change that) - Wife and I are both employed and make approximately $415k combined annually (wife makes $140/I make $275) - We file our taxes as married filing jointly (not sure this even matters) - I contribute...
by danielnash
Tue Sep 27, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Cancelling Credit Card After Switch?
Replies: 10
Views: 1212

Cancelling Credit Card After Switch?

Hello All, My wife and I currently have Blue Sky Preferred Amex credit cards. We have been using this card for about 8 years now and spend approximately $5,000 per month (paying it off in full every month and using the points we accrue for cash back on airline tickets we purchase). We have a $40,000...