No. of Recommendations: 8
Next, if he wants to own a house soon, its not a bad idea to put away whatever $30K for a 20% downpayment or so.

Wouldn't it be better to just pay cash for a house, and then make a "mortgage" payment to yourself? Even at a 6.25% fixed interest mortgage, that's a lot of money going to someone else over time, when it could be going to you.

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