Using 401k or IRA for down payment on house
Wondering if using your 401k or IRA for the down payment on your new house is a good idea? What are the pro’s and con’s? Are there risks, and are there benefits?
Using your 401k or IRA may allow you to purchase a new home today, so check out our article on using your 401k as a down payment, and also about using gift funds as a down payment. What you can afford to spend on your new house may depend on how much money you can put down and 401k or IRA funds may be the answer.
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