Using Retirement Funds to Buy a House: What You Need to Know
Using retirement funds to buy a house will likely lead to penalties and a larger tax bill. It can also reduce your account's future earning potential.
May 16, 2025 10 min read
Using retirement funds to buy a house will likely lead to penalties and a larger tax bill. It can also reduce your account's future earning potential.
USDA guidelines set waiting periods for obtaining a mortgage following adverse credit events such as bankruptcy, foreclosure, and short sales. However, compensating factors and proof of extenuating circumstances may help you qualify sooner.
It's possible to leverage crypto for a down payment on a traditional mortgage, but plan your steps carefully.
Crypto mortgages are a new type of mortgage where the crypto is the collateral, not the house. Those with large holdings could become homeowners.
Lender credits can help pay closing costs, but the help isn’t free. The buyer still pays closing costs in the form of a higher monthly payment throughout the life of the loan.
Thinking about refinancing your mortgage? This guide breaks down the potential benefits, drawbacks, and alternatives so you can decide whether refinancing is the right move for your financial goals.
Lowering your interest rate from 7% to 6% will reduce your principal and interest payments by 9.88%, saving the typical US homebuyer around $250 per month.
Paying title insurance usually falls on the homebuyer, but this can vary by location. Title insurance fees are a third-party closing cost you can shop around for — and negotiate with the seller on who foots the bill.
Buying your first home in 2025 takes more than just saving for a down payment — it takes smart planning, a strong team, and a clear understanding of your options. These tips will help you navigate your first home purchase with more confidence and avoid costly missteps along the way.
Closing cost assistance from the seller and other parties can be a big help when closing a home purchase. How much can you receive?
Homeowners should decide, based on their unique situation, whether now is the right time to refinance. The best refinances save thousands of dollars, but a new loan can help in other ways, too.
Can a Reconsideration of Value (ROV) help increase your home's value for a mortgage?
Even brand-new homes can hide serious flaws, which is why many experts recommend a professional inspection before closing—even if the property appears perfect. While an inspection may add costs and delay your timeline, it can help uncover critical issues early, give you leverage with the builder, and provide peace of mind.
An expiring appraisal can put a damper on your home purchase or refinance. Here's how long they last before you need a new one.
Manufactured homes are typically more affordable than traditional homes. But first you have to pass the appraisal process.
It's a popular idea: Buy land in the country and build your dream house. What are the practical steps, and is it even possible?
A down payment shouldn't be determined simply by how much you have (or don't have) saved. A seasoned loan officer describes how he advises his clients.
Title insurance can feel like an overpriced, unnecessary add-on at closing—but in a housing market full of hidden risks, it might just be your best protection against a costly legal headache. While not everyone needs it, this one-time policy can serve as a safety net if an unexpected claim ever threatens your ownership.
