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Updated about 5 years ago, 11/06/2019

User Stats

6
Posts
0
Votes
James Colton Lawson
  • Title Representative
  • Loudoun County, VA
0
Votes |
6
Posts

Newbie House Hacker Loan Dilemma

James Colton Lawson
  • Title Representative
  • Loudoun County, VA
Posted

I have saved up enough money to buy a house in the area I live. I have decided I would like to house hack a townhouse in the area. I have the criteria I'd like and have started applying for loans. My question is do you recommend putting the smallest amount down such as 3.5 or 5% to have the most leverage or put more down to decrease leverage and have smaller monthly payments. I have enough money to put more down, but feel it would be more beneficial to hold and invest in another investment or business. Im open to any thoughts on this idea. 

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