zaindo
New Member
We have a new condo coming up in the next year for closing and we have made approx 25% down payment for the unit (pre-construction instalments), While I might have some bandwidth to pay another 50K on top of that but I am a bit double minded on if i should ?
What are some of UT reader suggestions. Would it be better off for me to put another 50K down and reduce my monthly mortgage to a couple hundred dollars or would i better (safer) to have it invested in another avenue with limited or no risk (such as GICs).
Reason why i am a bit double minded at this time is i was thinking it would be safer for me to have access to some funds should the market crash so on and was going with the old saying of not to put all my eggs in one basket. Just want some opinions if i am not thinking in the right direction. All suggestions are much appreciated.
Thank You
What are some of UT reader suggestions. Would it be better off for me to put another 50K down and reduce my monthly mortgage to a couple hundred dollars or would i better (safer) to have it invested in another avenue with limited or no risk (such as GICs).
Reason why i am a bit double minded at this time is i was thinking it would be safer for me to have access to some funds should the market crash so on and was going with the old saying of not to put all my eggs in one basket. Just want some opinions if i am not thinking in the right direction. All suggestions are much appreciated.
Thank You