Can I access 401k and IRA borrowers to purchase a first home?
First, I give you a little story. During my career I have often moved to different companies and I moved my 401k several times. Now I have two 401k plans and plan a simple IRA. I just started a new position but none of the companies. I have about $ 50,000 in a 401k and $ 8,000 in the other two. I do not think a house and I’m already on my first purchase. My girlfriend has a lot of equity from the sale of their home. We are both 40 years alt.Ich have only $ 2,000 in cash available to the Bank.Wir have recently moved to a much wider affordable, and now I can pay a mortgage but no savings for down payment another 60-10 months. I want to go, the same thing with my girlfriend or finding a way where we can share in equity. So I have several questions: 1.What is a good way, my girlfriend and I can work very well with it fairer than most people, I’m not by my hand enthusiastically 401k lately?. I wish they would have to self-directed IRA where I spend more investment opportunities. I read that index funds are the best to minimize costs, but I also want to be able, individual stocks and funds to wählen.2. Where can I do? I lose 401k on the benefits that I also have a loan on my 401k or thought of the money for the first time buyer – I can not, because I do not work for more Unternehmen.3.Can- I do this in an IRA? In other words, can I get my money transfer to an IRA, then from there, ready? 4.Will a loan officer give us a loan if I have $ 15,000 from a 401k (IRA) for the first time buyer loans and only $ 5000 with cash thanks? for your help