Author Topic: First Time buyer: where to hold down payment  (Read 218 times)

FreedomFighter

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First Time buyer: where to hold down payment
« on: January 14, 2019, 08:58:29 AM »
Hey, everyone, the wife and I are looking to become first time home buyers this summer. We've been saving up for 20% downpayment for the last two years. We're keeping 60k in VMMXX Vanguard's Prime Money Market fund. We're leaving a HCOL area for a MCOL area, all relative but we're targeting 75k down payment. Is this a solid vehicle if we're looking to buy 6 months from now? I am looking to get higher returns, over 100 dollars a month vs 20 dollars a month in a regular savings account. Just wondering the communities thoughts on whether there is a better way or if I'm missing anything.