u/Lazy_Set4959

Combining houses- equity

My partner and I are purchasing a house together. We will both have about the same amount of equity from the sale of our individual homes.

Mine has sold and we are about to close on the new home. His has not. Once his DOES sell...what is the best plan for the about $200k cash we will have from his equity?

We don't need it as dp on the new home, although the reduction in mortgage w the extra money down would be nice from a monthly cash flow perspective.

Should we put it in HISA and use it to offset some monthly costs while also accruing some interest?

Suggestions?

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u/Lazy_Set4959 — 5 days ago