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Your 401(k) Can Be Used to pay for Your Home!
At last! You've found your dream home, but there's one thing standing in the path to living in your new home: paying for it.
Some smart home buyers are opting to use funds from their 401(k) program to raise the fund to pay for the home. This could mean that your home is paid for “free and clear, with NO monthly mortgage payment”! You can often borrow as much as 50 percent of your account balance.
Usually, you can't withdraw money from a 401(k) unless you retire, leave the company or become disabled. But company plans often permit hardship withdrawals if there is an immediate financial need, and that need often includes purchasing your principal residence.
To get started with the Qualification and Home Finding process contact us at 404-810-1800
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