You could pump up your 401k contributions in order to lower your taxes and then take a loan out against your 401k for the down-payment. It’s a little risky in that if you lose your job they might request you to pay off the loan but I’ve had a few coworker do this in order to get a house.
My 401K was completely emptied during covid cause I couldn’t survive otherwise especially on $600 a month in unemployment. And I just now have started back into it as of last month after getting a new contract.
So I could make myself extra poor now and lose any liquidity so I can maybe eventually save up to take a loan I will certainly be fucked by on top of my mortgage I still can’t afford per month?
Look its an honest idea and thank you but hell no.
You could pump up your 401k contributions in order to lower your taxes and then take a loan out against your 401k for the down-payment. It’s a little risky in that if you lose your job they might request you to pay off the loan but I’ve had a few coworker do this in order to get a house.
My 401K was completely emptied during covid cause I couldn’t survive otherwise especially on $600 a month in unemployment. And I just now have started back into it as of last month after getting a new contract.
So I could make myself extra poor now and lose any liquidity so I can maybe eventually save up to take a loan I will certainly be fucked by on top of my mortgage I still can’t afford per month?
Look its an honest idea and thank you but hell no.