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From: franka@mmintl.UUCP (Frank Adams)
Newsgroups: net.invest
Subject: Re: Mortgage Down Payments and Good Investments
Message-ID: <864@mmintl.UUCP>
Date: Tue, 10-Dec-85 15:03:29 EST
Article-I.D.: mmintl.864
Posted: Tue Dec 10 15:03:29 1985
Date-Received: Mon, 16-Dec-85 05:31:38 EST
References: <1439@decwrl.UUCP> <691@leadsv.UUCP> <2342@amdahl.UUCP>
Reply-To: franka@mmintl.UUCP (Frank Adams)
Organization: Multimate International, E. Hartford, CT
Lines: 14
Summary: 


In article <2342@amdahl.UUCP> mat@amdahl.UUCP (Mike Taylor) writes:
>As a last point, if things go sour (layoffs, other bad news) then a smaller
>house payment means your minimum cash flow is smaller.  You also are more
>likely to realise some cash out of your house if it "rains real hard."

But you have fewer outside assets, so it requires less "rain" to force
you to sell or refinance.

The most prudent course is probably somewhere in the middle: don't tie
up all your cash in the mortgage, but don't minimize the down payment,
either.

Frank Adams                           ihpn4!philabs!pwa-b!mmintl!franka
Multimate International    52 Oakland Ave North    E. Hartford, CT 06108