San Diego Home Buyers: How to Tap into Your Retirement Account in 2022


"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.

Yikes.

So, to simplify - I wanted to lay out the recommended steps I would take to check it out:

Step 1 - Get your latest statement and check your returns

Step 2 - On your statement is a phone number to the company - give them a call and see if taking out money is possible

Step 3 - Ask them what the fees are, the terms of the loan, how its paid back, and how quickly you get the money

Step 4 - Wire the money to your bank account, get a copy of your terms from them, apply for your mortgage loan.

Step 5 - Once you know your loan, and terms, search for real estate

Leave me a comment below – or, contact me here

Your Retirement Tapping Insider,

Scott

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