0
What else can I help you with?
Can I use my 401k to pay off my mortgage?
Yes, you can use your 401k to pay off your mortgage, but it is generally not recommended due to potential tax implications and early withdrawal penalties.
Can I use my 401k to pay off my mortgage without penalty?
In most cases, you can use your 401k to pay off your mortgage early, but you may face penalties and taxes. It's important to consider the long-term impact on your retirement savings before making this decision.
Can I use my 401k to pay off my house?
Yes, you can use funds from your 401k to pay off your house, but it is generally not recommended due to potential tax implications and early withdrawal penalties.
How can I use my 401k to pay off my house?
You can withdraw money from your 401k to pay off your house, but it may come with penalties and taxes. It's important to consider the long-term impact on your retirement savings before making this decision.
Can you use a home equity loan to pay off your existing mortgage?
Equity is the value of your home less the amount owed on the mortgage. A home equity loan is a loan secured by the equity in your home. Your lender will use an assessment to decide your home's value and the amount of equity available to abstract. If the available equity exceeds your mortgage balance, you can use an equity loan to pay off your mortgage. If your mortgage exceeds the available equity you cannot use the equity to pay off your existing mortgage.
Can I use my 401k to pay off my mortgage?
Yes, you can use your 401k to pay off your mortgage, but it is generally not recommended due to potential tax implications and early withdrawal penalties.
Can I use my 401k to pay off my mortgage without penalty?
In most cases, you can use your 401k to pay off your mortgage early, but you may face penalties and taxes. It's important to consider the long-term impact on your retirement savings before making this decision.
Can I use my 401k to pay off my house?
Yes, you can use funds from your 401k to pay off your house, but it is generally not recommended due to potential tax implications and early withdrawal penalties.
How can I use my 401k to pay off my house?
You can withdraw money from your 401k to pay off your house, but it may come with penalties and taxes. It's important to consider the long-term impact on your retirement savings before making this decision.
Can you use a home equity loan to pay off your existing mortgage?
Equity is the value of your home less the amount owed on the mortgage. A home equity loan is a loan secured by the equity in your home. Your lender will use an assessment to decide your home's value and the amount of equity available to abstract. If the available equity exceeds your mortgage balance, you can use an equity loan to pay off your mortgage. If your mortgage exceeds the available equity you cannot use the equity to pay off your existing mortgage.
How can I use the proceeds from selling stock to pay off my mortgage?
You can use the money you receive from selling stock to pay off your mortgage by transferring the funds from your brokerage account to your mortgage lender. This can help you reduce your debt and potentially save on interest payments in the long run.
Can you use your 401k to pay off your house?
Yes, you can use funds from your 401(k) to pay off your house, but it is generally not recommended due to potential tax implications and penalties for early withdrawal.
What happens to mortgage when the only person on the title dies and is survived by a minor child in the state of Florida?
The estate is responsible for clearing the mortgage. They will either pay it off, or more likely, sell the home, pay off the mortgage and put the remainder into trust for the use of the minor.
Iwork for Mid Atlantic Financail Services. what 401k company do they use?
They are residential direct mortgage lender
Can you use the house you inherited as collateral to pay off creditors the estate owes to pay them off?
Yes, this can be done. There may have to be a new mortgage before the property can change hands.
Is a mortgage discharged when renewing mortgage?
If you refinance your mortgage, the attorney representing the bank will use the proceeds of the new mortgage to pay off the existing mortgage and a discharge of that mortgage should be recorded in the land records. You must make certain you ask that question at the closing before you sign anything.
Who would use a balloon mortgage?
Someone who wants to pay off a loan in a relatively short period of time or an uninformed borrower.
