Daily Dose of Curiosity
Technically, YES. Technically, however, doesn’t make something a good idea. Here’s the deal. In my observation, a 401(k) loan is a high-risk proposition. I’ve rarely seen them work out well, to the point that when I advise a client on setting one up I recommend that loans be disallowed. That at least keeps the employer … Read more
There are incentive programs for first-time home buyers to encourage homeownership with little or nothing down. Identify an area you want to buy in to get an idea of sales price, property taxes, HOA fees (if they apply), etc. Or you use a particular home or two as examples. Then contact a lender with these … Read more
You bet. And that is a good strategy. Once you find a property you want to buy you can make an “all cash” offer. This is attractive and motivating to the seller because they know that you have the money and you can close on the property quickly. They see $$ in their eyes. Also, … Read more
Yes, you can apply for a mortgage but you have to understand that it won’t be considered an “arms-length” transaction; defined as an agreement made by two parties freely and independently of each other, and without some special relationship, such as being a relative, having another deal on the side or one party having complete … Read more