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Should You Use a 401(k) for a Down Payment?

April 30, 2025 by Robby Oakes

Buying a home is a major financial milestone, and saving for a down payment can be one of the biggest challenges. If you’re struggling to gather the necessary funds, you might be considering using your 401(k) retirement savings to cover the cost. While this option is available, it’s essential to weigh the potential benefits and risks before making a decision.

Filed Under: Mortgage Tips Tagged With: 401k Loans, Down Payment, Mortgages

3 Considerations When Making A Down Payment

April 9, 2024 by Robby Oakes

When considering the journey of purchasing a new home, one of the fundamental decisions you’ll encounter revolves around determining the appropriate amount of money to allocate for your down payment. It’s a decision-making process that involves weighing the benefits of opting for a larger down payment against the potential advantages of utilizing some of those funds to purchase “discount points,” thereby reducing your interest rate.

Filed Under: Mortgage Tagged With: Down Payment, Mortgage, Purchasing Home

Navigating Down Payment Options: Your Guide to Homeownership

March 26, 2024 by Robby Oakes

So, you’ve decided to take the plunge into homeownership – congratulations! One of the most critical aspects of buying a home is figuring out your down payment. It’s a significant financial commitment that can shape your home-buying journey.

Filed Under: Mortgage Tagged With: Down Payment, Down Payment Assistance Programs, Mortgage

Exploring Down Payment Options and Their Impact on Mortgage Terms

January 19, 2024 by Robby Oakes

Embarking on the journey of homeownership is an exciting and significant step in one’s life. One crucial aspect of this process is the down payment, which can greatly influence the terms of your mortgage.

Filed Under: Mortgage Tagged With: Down Payment, Mortgage, Mortgage Terms

How to Go From Renting to Owning a Home

November 10, 2023 by Robby Oakes Leave a Comment

Going from renting to owning a home can be a significant financial and personal milestone, but it requires careful planning and preparation. Here are some steps to take to make the transition from renting to owning: Determine your budget: Calculate your current expenses and income to determine how much you can afford to spend on […]

Filed Under: Mortgage Tagged With: Down Payment, Mortgage, Rent To Own

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Robby Oakes


Robby Oakes

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