Fat Lady

Na Na Na Na Na Na Na Na Hey Hey Hey Goodbye

Thanks all for the advice. Do I need a dedicated mortgage advisor or can a financial advisor do as well? Where do I get a list of reputable ones?

I'm looking to buy a condo/townhouse (primary residence) in the near future. I have placed a hard cap of $500K for the property although I'm pretty sure I qualify for more. The issue is this. I have a lot of cash, almost enough to buy the property for cash. I have a decent annual income although it's not proportionate to my cash holdings ~$130/annum. I prefer to be able to spend money like a drunken sailor so I don't want a very high mortgage payment (and no creative financing either---conventional 15 or 30 year mortgage please). To achieve this end, I plan to put a hugh down down (at least 300K). Would you consider going higher? I am a decent saver (between my drunken sailor orgies), especially with automatic deductions so, with lower mortgage payments, I would be able to build up my cash savings pretty quickly. I have no other write offs. Right now I'm getting reamed on my income taxes since I only get the standard deduction. Thanks in advance.

Well it's over Call it a day

There will be more serenades.

Well it's over. Call it a day.