Should You Sell Stock to Buy a Second Home?

Matthew Frankel, CFP, The Motley Fool
·4-min read

Another way to go is selling stock, which can be an option for many second-home buyers in 2021 as the stock market sits near all-time highs. Larger down payment – Selling stock could give you a larger down payment to apply to your second home purchase, which would make your monthly mortgage payment lower than it would be with a lower down payment. If keeping your ongoing expenses low is a priority, using a larger down payment than your lender requires can help you do it, and selling stock can certainly help achieve this goal.