Posts Tagged ‘down payment’
Can You Use Your 401(k) for a Down Payment on a House?
If you’re getting ready to buy a home and eyeing your 401(k) for help with the down payment, you’re not alone, but before tapping into your retirement savings, it’s important to understand how it works and what the potential impact could be. Yes, your 401(k) can be used toward your down payment, but there are…
Read MoreThe Do’s & Don’ts of Down Payment Gift Funds
Receiving gift funds for a down payment is a generous and helpful way to achieve homeownership. However, it’s crucial to follow the proper steps to ensure the process goes smoothly and complies with lender requirements. At Liberty Star Mortgage in Fulshear, Texas, we’re here to guide you through the do’s and don’ts of down payment…
Read MoreDon’t Let a 20% Down Payment Freeze You—Explore Your Home Buying Options!
Does the thought of a 20% down payment have you frozen in fear? You’re not alone! Many first-time homebuyers mistakenly believe they need to save a full 20% of the home’s price to make their dream of homeownership a reality. The good news is, that’s not the case! There are plenty of options that require…
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