Hello,
I am ready to purchase my first home. There is a neighborhood that I am looking at, it is a few miles from work which will allow me to bike to work, safe, and has plenty to do during the night. I have seen several listings online and can afford to put down a sizable down-payment and pay off a 30 year fixed mortgage early.
Right now nearly all of my money (about 195,000) is tied up in Vanguard funds. I am 26 and would like advice on what to look for. There are some houses that may take some work in that neighborhood that I think I could get for $150,000. Would it be good to put down 25% and the rest as a 30 year mortgage, or should I pay cash? That would enable me to own the home outright? Of course I haven't seen the house, this is just an example.
Thank you for your advice.