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Mortgage Professor about borrowing money: | |||||||||||||||||||||||
Use Funds in 401K as a Down Payment?
April 19, 2004 "Is it advisable to use funds in my 401K as a down payment?" You don?t want to withdraw funds from a 401K to make a down payment, but you might want to borrow from your account. Whether you do or not should depend on whether it costs more or less than ... more... Invest Xtra Cash in Securities or Larger Down Payment? August 19, 2002 "We will have $100,000 from the equity in our current house when we sell it, and plan to buy a new house for $200,000. We are considering two financing options. Option 1 is to take a no down payment 30-year loan at 7.75%, investing the $100,000 in ... more... |
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borrowing money related definitions |
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Earnest Money
Earnest Money Money given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment. This deposit made by a buyer of real estate towards the down paymen is typically held by the real estate brokers or the escrow company. ... more... Mortgage Broker Mortgage Broker An individual in the business of assisting in arranging funding or negotiating contracts for a client buy who does not loan the money himself. Brokers usually charge a fee or receive a commission for their ... more... |
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More about borrowing money UK Personal Loan Advice UK Loans: Borrowing the Right Kind of Money 7 Ways To Get Financing For Your Home Business Building Wealth When Refinancing Your Home Loan Home Equity Loan vs. 401(K) Loan -- Which Should You Choose Secured Loans House the Most Positivistic Consequences of Loan Borrowing Do You REALLY Need a Home Equity Loan? Loans Guide Useful Tips on Borrowing Money Mortgage Information
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