Thinking About Tapping into Your 401(k) To Buy a Home? Read This First.

Lately, headlines have floated an eye-catching idea about tapping into your 401(k) to cover a down payment on a home.
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Lately, headlines have floated an eye-catching idea about tapping into your 401(k) to cover a down payment on a home.

Lately, headlines have floated an eye-catching idea about tapping into your 401(k) to cover a down payment on a home.

You’re scrolling through listings on your phone and everything looks good until you see the price (or the estimated monthly payment). Then you close the app.

You’re scrolling through listings on your phone and everything looks good until you see the price (or the estimated monthly payment). Then you close the app.

You’re scrolling through listings on your phone and everything looks good until you see the price (or the estimated monthly payment). Then you close the app.

If you’re waiting for mortgage rates to fall a lot before you buy, you may be waiting a while.

If you’re waiting for mortgage rates to fall a lot before you buy, you may be waiting a while.

If you’re planning to buy your next home soon, you’ve probably heard the old rule about saving 20% for your down payment.

If you’re planning to buy your next home soon, you’ve probably heard the old rule about saving 20% for your down payment.

Imagine waiting a year to buy a home, only to find mortgage rates haven’t changed much. That may sound frustrating. But it’s a real possibility.