First-time home buyers are often young and financially stressed, struggling with student loan debts, car payments and the costs of raising young children. Even for couples with two incomes, the…
Would you believe me if I told you that one year from today you could be unlocking the door to your first home? As they say, the proof is in…
You don’t have to be married to live out the American dream of owning a home. Co-buying is a way for unmarried individuals to get out of the cycle of…
A young Nashville teacher I know, let’s call her Mary, is changing the world. Mary is good at her job. She’s financially independent. She has long-term career plans, and is…
Nearly a third of homes sales go to first-time buyers, a group as enthusiastic as it is inexperienced and whose dreams are as big as its bank accounts are small.…
Few things are more exciting, or terrifying, than buying your first house. You’re joining forces with a spouse or partner, or bravely going alone, on one of life’s great adventures…
Mortgages remain one of the most complained about financial products, according to the Consumer Financial Protection Bureau. Mortgage provider complaints fall into four main categories: Complaints about the foreclosure and loan…
Fannie Mae’s new program, HomeReady, will help middle and low income Americans achieve their dream of homeownership. HomeReady will consider income provided by extended family members and non-family members as…
With the growth in online rent-by-the-night and week services like Airbnb, many residential homes are becoming party homes. Nobody wants to live next to a party house. The effect on…
New mortgage rules are in place that should make it easier for home buyers to compare lending terms. Learn more about the forms and their purposes here. New Mortgage rules and…
Sources:
- Kaminksy, J. (2017, April 16) Planning to Borrow from Your 401(K) for That Home Down Payment? It May Not Be as Easy as You Think. Retrieved from: http://www.latimes.com/business/technology/la-fi-mortgage-401k-20170413-story.html
- Miley. M. (2018, June 23) Can I Draw From a 401k for a Home Purchase Without Being Penalized With Taxes? Retrieved from: https://homeguides.sfgate.com/can-draw-401k-home-purchase-being-penalized-taxes-47776.html
- Bergman, A. (2016, June 26) How to Buy Real Estate with Leverage in a 401(k) Plan. Retrieved from: https://www.forbes.com/sites/greatspeculations/2016/01/26/how-to-buy-real-estate-with-leverage-in-a-401k-plan/#5a410f241b38
- Hayes, A. (2016, April 20) Buying a Home with Retirement Savings: Pros and Cons. Retrieved from: https://money.usnews.com/money/blogs/on-retirement/articles/2016-04-20/buying-a-home-with-retirement-savings-pros-and-cons