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Should we put more money down?

Husband and I have been looking for our first house for about a year. Like most people right now, we’re struggling to find something we can comfortably afford in the HCOL area we live (East coast). I would consider myself financially conservative. I like to have a lot of buffer left over each month for savings, investments, etc.

We’ve been targeting homes in the 500k range with 30% down, but that price range has not given us a lot of options. I’ve been toying with the idea of just increasing that down payment from some investments (not retirement) and bumping our budget up. Any insight from people who decided to put more down to get a more expensive home? Was it worth it pulling from stocks? I think I’m just having a lot of anxiety about spending so much money.

For some reference, we bring in 8,800 a month net, and I’m trying to keep our payments (mortgage, insurance, taxes) to about 3,000. Only debt is a $250 car payments.

submitted by /u/Seeking-Secrets
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source https://www.reddit.com/r/RealEstate/comments/114nu1h/should_we_put_more_money_down/
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