San Diego Home Buyers: How to Tap into Your Retirement Account in 2021
"Why didn't I think of that?"
Was a common response I received from my last email about (possibly) taking money from your retirement account and using that for your down payment.
I gave the example of someone I have recently helped buy - and, their retirement account return was 1.67% for the last 12 months.
So, to simplify - I wanted to lay out the recommended steps I would take to check it out:
Get your latest statement and check your returns
On your statement is a phone number to the company - give them a call and see if taking out money is possible
Ask them what the fees are, the terms of the loan, how its paid back, and how quickly you get the money
Wire the money to your bank account, get a copy of your terms from them, apply for your mortgage loan.
Once you know your loan, and terms, search for real estate
Leave me a comment below – or, contact me here.
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