House related, of course.
We can get a loan if we call this an investment property. However, it would require us to put 30% down instead of 20%. We can swing it, but it means liquidating everything except our 401K. That means no e-fund, and pulling out of all our other investments.
Selling the house and condo back east would replenish our e-fund to a comfortable level. We hope that will be done by the end of the summer, but you never know. As far as day-to-day living, we'd make some cuts (my crafts, his starbucks) to help replenish our savings faster, but we wouldn't be living on ramen. Obviously, the additional down payment significantly reduces the monthly payment, and once we sell the other two properties we'll be saving those monthly payments as well.
So, all things staying the same, replenishing our savings wouldn't be that hard, and we're arguably better off in the long run since we'd be spending so much less in interest. That's H's argument.
But, I feel really uncomfortable about zeroing our accounts. We wanted to make some improvements to the house that we'd have to put off. We're also TTC, and having a kid kindof requires having money in the bank.
I also just don't know if I love this house enough to jump through so many hoops to get it. We're not going to find much better in our price range, so that argument is a little irrational, but it's still there.