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Old 09-22-2007, 12:17 AM
Fishhead24 Fishhead24 is offline
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Join Date: Jan 2007
Posts: 1,196
Default Re: short term questions with home purchase

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I would recommend using a 5%+ online savings account - easy to set up and completely liquid. Probably put in 20% of the expected purchase price of the range of homes you are looking at. 20% should get you the best rate available on your mortgage and avoid any need for mortgage insurance. Putting this entire amount in the savings account would ensure this money is completely safe and liquid for your purchase.

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Love this recommendation............. [img]/images/graemlins/club.gif[/img] [img]/images/graemlins/club.gif[/img]
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