Understanding 401k Withdrawal for Home Purchase: A Guide
Understanding 401k Withdrawal for Home Purchase: A Guide
1 month ago
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🏡 Can I use my 401k to buy a house? | First Time Home Buyer Tips | Using 401k to buy a house 💰
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If you’re using your 401k to buy a house, it’s soo important that your lender gives you an accurate number of how much you will need to withdraw from your 401k. Depending on your servicer you might only be allowed to withdraw once within a certain amount of time. Otherwise you will have to go through a legal process to withdraw more if you’re short. Which is exactly what happened to a recent viewer of mine! So to avoid this type of situation, make sure your lender gets FULL disclosure on everyth
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Considering tapping into your 401k to buy a home? 🏡💰 I’ve seen many people use their 401k for down payments or closing costs, making their dream of homeownership a reality. Here’s the lowdown: 1️⃣ You might be able to pull from your 401k tax-free up to a certain amount. 2️⃣ Some plans require you to pay it back. 3️⃣ Not all plans allow it, so check the details of yours. While I’m not a financial advisor, as your mortgage expert, I can guide you through the process. Want to explore if this is a
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