Larger downpayment is bad?
I am looking into buying a $400K house with my wife. We currently do not own a home and do not have kids. We are both employed and my wife is a tenured public teacher.
As of present, we can put a 40% down payment and still have enough left for initial fees, 12 months emergency fund and items for the home.
Is it wise to put down such a large down payment?
Iím reading conflicting reports that investing such a large down payment in this market is bad because of the fluctuating real estate prices. However, I donít understand how paying interest on that extra borrowed money is any better.