[AK]

“Buying with monopoly money” worked for an earlier generation. It’s comforting to know that I have some protection against inflation. Of course this relies on the assumption that real incomes will keep up, or at least won’t fall too far behind.

[AK]

Ah yes, looks like the PMI deduction is getting extended for another year.

[AK]

Ah yes, looks like the PMI deduction is getting extended for another year.

[AK]

Ah yes, looks like the PMI deduction is getting extended for another year.

[AK]

Ah yes, looks like the PMI deduction is getting extended for another year.

[AK]

Ah yes, looks like the PMI deduction is getting extended for another year.

[AK]

Run the numbers very carefully. Keep in mind:

1. You’re paying back the 401k loan in after-tax dollars.

2. The interest paid on the 401k loan isn’t tax-deductible.

3. If you change jobs or get laid off, you may have to pay back the loan in a lump sum or pay $$$ in taxes and penalties.

4. PMI isn’t forever. In the event that prices go up even modestly you should be able to get it removed after a few years.

5. There are lots of PMI options, including single-premium MI.

6. Oh wow, I just realized that I get to deduct my VA funding fee. Ka-ching!

[AK]

Run the numbers very carefully. Keep in mind:

1. You’re paying back the 401k loan in after-tax dollars.

2. The interest paid on the 401k loan isn’t tax-deductible.

3. If you change jobs or get laid off, you may have to pay back the loan in a lump sum or pay $$$ in taxes and penalties.

4. PMI isn’t forever. In the event that prices go up even modestly you should be able to get it removed after a few years.

5. There are lots of PMI options, including single-premium MI.

6. Oh wow, I just realized that I get to deduct my VA funding fee. Ka-ching!

[AK]

Run the numbers very carefully. Keep in mind:

1. You’re paying back the 401k loan in after-tax dollars.

2. The interest paid on the 401k loan isn’t tax-deductible.

3. If you change jobs or get laid off, you may have to pay back the loan in a lump sum or pay $$$ in taxes and penalties.

4. PMI isn’t forever. In the event that prices go up even modestly you should be able to get it removed after a few years.

5. There are lots of PMI options, including single-premium MI.

6. Oh wow, I just realized that I get to deduct my VA funding fee. Ka-ching!

[AK]

Run the numbers very carefully. Keep in mind:

1. You’re paying back the 401k loan in after-tax dollars.

2. The interest paid on the 401k loan isn’t tax-deductible.

3. If you change jobs or get laid off, you may have to pay back the loan in a lump sum or pay $$$ in taxes and penalties.

4. PMI isn’t forever. In the event that prices go up even modestly you should be able to get it removed after a few years.

5. There are lots of PMI options, including single-premium MI.

6. Oh wow, I just realized that I get to deduct my VA funding fee. Ka-ching!

[AK]

Run the numbers very carefully. Keep in mind:

1. You’re paying back the 401k loan in after-tax dollars.

2. The interest paid on the 401k loan isn’t tax-deductible.

3. If you change jobs or get laid off, you may have to pay back the loan in a lump sum or pay $$$ in taxes and penalties.

4. PMI isn’t forever. In the event that prices go up even modestly you should be able to get it removed after a few years.

5. There are lots of PMI options, including single-premium MI.

6. Oh wow, I just realized that I get to deduct my VA funding fee. Ka-ching!

[AK]

“Buy now or be priced out forever.” In both cases, this can be a prescription for disaster 🙂

[AK]

“Buy now or be priced out forever.” In both cases, this can be a prescription for disaster 🙂

[AK]

“Buy now or be priced out forever.” In both cases, this can be a prescription for disaster 🙂

[AK]

“Buy now or be priced out forever.” In both cases, this can be a prescription for disaster 🙂

[Author]

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