🏡 Never put a downpayment on your house #realestate #money #downpayment #personalfinance #mortgage

🤔There's a heavy debate on how much you should put down when buying a home.

However, if you're incredibly disciplined, the optimal route is to put the minimum amount down and invest the difference.

🔺 As shown in the example, with a lower down payment, you'll pay more in interest and fees (such as PMI).

💰But if you invest the difference wisely, you'll be able to make over $1,000,000 over the lifetime of the loan!!

#realestate #money #investing #downpayment #lowdownpayment #personalfinance #fhaloan #loan #mortgage

[DougPoker]

"How to leverage yourself to another bankruptcy"

[TheFirstRealChewy]

Banker: Works great for me. Now sign here, here, here, here, here...

[theprofessional]

I was very curious until you said to put it in the stock market. Then I stopped watching .

[vanessagras]

They always talk about the gain scenarios, but never the losses 🤦🏽‍♀️

[sammyahmed]

POV: someone with no money is giving financial advice

[Tipperary]

If you lose your job, the pain will be much greater.

[kyleevans]

Please do this everyone! I will buy your house when you are over leveraged 5-10 years from now. Thanks in advance

[callmeosho]

Translation: I’m going to gamble to difference and hope it pans out

[minutestoam]

Ah yes, an Economics graduate from the prestigious JTMBU.

Just Trust Me Bro University.

[emilywalton]

My husband and I put 20% down cash he saved and I saved over the years. We got in 2.9% on a 15 year fixed rate mortgage. Our purchase price was 127, 900. Our original loans after down payment was 104, 000. We now owe less then 50, 000 after owning it little over 2 years. We have been investing in our home past year. (Debt Free). We will be mortgage free by summer of 2025. We don’t pay PMI we are beating the interest.

[namenotimportant]

Ive got an even better idea: dont buy a house just now, instead GAMBLE the money and with the gamble returns youll be rich. And if youre saying thats unlikely, studies have show that 90% of gamblers stop right before the big win, so just keep on playing cause if you stop, youll miss out big time (this is a very real study but dont fact check me please)

[moneymade]

If you listen to this man you gone f*ck around and find out… DON’T DO IT!!!

[TheLreez]

1) Don't use this trick to buy a house you can't actually afford. Make sure you can afford the monthly payments first.

2) This only works when % return from investment is more than % interest on your mortgage. Assuming 10% returns might be a bit optimistic, but regardless, the interest rate right now is maybe 8%. If it goes much higher, this is no longer a good idea even in theory.

3) Putting up a larger down payment and investing the difference in monthly payments in stock ALSO makes you a millionaire. ~1.1Mil vs ~1.4Mil, so it's less money, but still a millionaire.

[poundfoolish]

Gonna be smoking a pack a day staring at the wall in silence after this one

[BianicEpicVideos]

This feels like the same advice that lead to the financial crisis of 2008

[samuelramirez]

And this my friends is how you end up poor with a mortgage payment…

[vadimrazenberg]

In theory yes but in reality no one actually ends up doing this. They spend the difference on nonsense. Pay off your mortgage faster

[chrism]

It's downright immoral to not even mention the risks:
1) Your home loses value and you end up upside down on your mortgage.
2) You lose your job and can't afford monthly payments.
3) You lose money in your other investments.

Sure, you may get rich doing this if you're riding a good economy. But in times of crisis, all of the above can happen at the same time. That's how millions went bankrupt in 2008.

[mohamedfasil]

Don't gamble on things you don't have

[Cottencandybrain]

Im so glad people are seeing right through him just goes to show how many ppl had enough of hearing bs