Downpayment or Investment
a friend of mine is looking to buy a house in the $200000 range. he currently has $10k saved for a down payment. last year he made $96k & hopes to do better this year, so lets call it $100k. also, no debt.
because of his work situation, he ends up paying only 7% tax & gets a hefty cheque every year at tax time. last year it was $13.5k
assuming the same amount this year, would it be better to add $10k to the down payment, or should he use that money to invest in an index fund, a drip, or some other kind of investment.