Categories for First Time Home Buyer

Cons of Borrowing from a 401(k) to Buy a House

May 20, 2014 by Leave a comment

You might be excited to purchase a new home, but after learning that your lender requires a down payment, you might postpone your plans. The truth is, down payments are a major roadblock to buying a home. Currently, conventional mortgages require 5 percent down and FHA mortgages require 3.5 percent down. Although these percentages are far less than... View Article

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