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Rebalancing your taxable savings & stocks (after setting aside sufficient safety reserves) into your real estate equity would probably be a decent move at present... so roll your 10% down plus non-seller-paid closing costs out of that account into the real estate account.

$65k is 10% down....
$19,500 is 3% assumed closing costs & prepaids.
$84,500 gets you the key on $650,000 home.

Hi Dave,

What you laid out is exactly what I would like to do, I was just told 10% down financing wasn't available. Sounds like I need to reassess my mortgage broker...

Our credit is excellent, how much difference is there with a 7/1 or 10/1 ARM? Do you think 5 is the sweet spot right now?
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