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Updated almost 5 years ago,
Investment Property downpayment options
i am closing my first investment property next month and searching for various options for downpayment. i am considering 3 options and need suggestions on which option would be better
1) sell some stocks (50% of amount) and borrow remaining 50% from 401k or
2) sell stocks for 100% amount or
3) HLOC 50% and 401k 50%
4) use all 3 of them
Also, would it be good to go with 30 years fixed vs ARM. I got 4.308 APR for 30 yrs fixed from builder lender (i haven't got the quote from him for ARM yet). is it a good idea to go with 30 yrs fixed or first close the loan with 30 yrs fixed and later refinance it.
Thanks in advance