Poll:
What do you think of 401k being used for a down payment?
First time home buyers have the option of using their 401K towards their down payment. Borrowing from 401K will require repayment within 10 years with interest. A 401K withdrawal will not require repayment, however a tax and penalty will be charged. Is it better to take your time and save up instead? Please comment below for our curious home buyers. Infographic and comments below!
Results by voter:
All
Mortgage Professionals
Consumers
Poll started 12:00AM Oct 16
Poll ended 12:00AM Oct 22
Copy and paste the following code to place the widget on your website:
