A 401k loan is an employer-sponsored retirement account, where your contribution as an employee are deducted directly from your paycheck before they are taxed. This money goes to a found offered by your employer, and in some cases, your employer matches your contribution.

This investment is meant for retirement; however, you are able to withdraw money from it before the age of 59.

Learn about the up-sides of using your 401k to buy your dream home in our class.

Reasons to use your 401k loan to buy a house:

  1. You are borrowing from yourself.
  2. It has tax advantages.
  3. When borrowing against your 410k you will not be charged with the 10% penalty fee for early withdraws on your 401k.
  4. The interests paid, will be paid to you, not to any lender.
  5. Buy a house quicker.

We will teach you about the pros and cons to use your 401k Loan and the best way to do it in order to get your house.

Contact us now!