Forum Replies Created
-
AuthorPosts
-
(former)FormerSanDiegan
Participant[quote=temeculaguy]
Of course the credit is available to non resident aliens, I was all bummed when I realized I didn’t qualify because my income was too high, but now I feel all better knowing that anyone who has been physically in this country for 180 days, legally or not, qualifies, oh goodie![/quote]To get the credit, they have to file their taxes, don’t they. I don’t see how this goes to illegal aliens. And if there is a break for legal aliens, what’s wrong with that as long as they are here legally and properly filing and paying their taxes ?
January 16, 2009 at 7:58 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #329767ParticipantIn this case I think it makes sense to borrow the 40K for 5 years in order to get the mortgage down to 5% as opposed to 6%.
I would do it.
From payment 1 she is paying less interest.
From payment 1 her principal paydown is accelerated. She will owe less overall at any point in the future because she is paying down the 40k over a shorter time frame.The downside is that she may have to pay the 401k loan is she switches jobs or pay a penalty and taxes. Although some 401k programs allow ex-employees to continue paying the loan as long as they hold their funds in the 401k after leaving the eomployer.
January 16, 2009 at 7:58 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #330106ParticipantIn this case I think it makes sense to borrow the 40K for 5 years in order to get the mortgage down to 5% as opposed to 6%.
I would do it.
From payment 1 she is paying less interest.
From payment 1 her principal paydown is accelerated. She will owe less overall at any point in the future because she is paying down the 40k over a shorter time frame.The downside is that she may have to pay the 401k loan is she switches jobs or pay a penalty and taxes. Although some 401k programs allow ex-employees to continue paying the loan as long as they hold their funds in the 401k after leaving the eomployer.
January 16, 2009 at 7:58 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #330179ParticipantIn this case I think it makes sense to borrow the 40K for 5 years in order to get the mortgage down to 5% as opposed to 6%.
I would do it.
From payment 1 she is paying less interest.
From payment 1 her principal paydown is accelerated. She will owe less overall at any point in the future because she is paying down the 40k over a shorter time frame.The downside is that she may have to pay the 401k loan is she switches jobs or pay a penalty and taxes. Although some 401k programs allow ex-employees to continue paying the loan as long as they hold their funds in the 401k after leaving the eomployer.
January 16, 2009 at 7:58 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #330207ParticipantIn this case I think it makes sense to borrow the 40K for 5 years in order to get the mortgage down to 5% as opposed to 6%.
I would do it.
From payment 1 she is paying less interest.
From payment 1 her principal paydown is accelerated. She will owe less overall at any point in the future because she is paying down the 40k over a shorter time frame.The downside is that she may have to pay the 401k loan is she switches jobs or pay a penalty and taxes. Although some 401k programs allow ex-employees to continue paying the loan as long as they hold their funds in the 401k after leaving the eomployer.
January 16, 2009 at 7:58 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #330290ParticipantIn this case I think it makes sense to borrow the 40K for 5 years in order to get the mortgage down to 5% as opposed to 6%.
I would do it.
From payment 1 she is paying less interest.
From payment 1 her principal paydown is accelerated. She will owe less overall at any point in the future because she is paying down the 40k over a shorter time frame.The downside is that she may have to pay the 401k loan is she switches jobs or pay a penalty and taxes. Although some 401k programs allow ex-employees to continue paying the loan as long as they hold their funds in the 401k after leaving the eomployer.
ParticipantIf you make 79K you can buy a median priced house in San Diego AND qualify for Government-subsidized health care ?
Something is out of whack.
ParticipantIf you make 79K you can buy a median priced house in San Diego AND qualify for Government-subsidized health care ?
Something is out of whack.
ParticipantIf you make 79K you can buy a median priced house in San Diego AND qualify for Government-subsidized health care ?
Something is out of whack.
ParticipantIf you make 79K you can buy a median priced house in San Diego AND qualify for Government-subsidized health care ?
Something is out of whack.
ParticipantIf you make 79K you can buy a median priced house in San Diego AND qualify for Government-subsidized health care ?
Something is out of whack.
Participant“How do mortgage lenders look at that? Do they average across the three scores? Take the lowest score? The highest? ”
None of these.
They typically use the median (the middle score)
Participant“How do mortgage lenders look at that? Do they average across the three scores? Take the lowest score? The highest? ”
None of these.
They typically use the median (the middle score)
Participant“How do mortgage lenders look at that? Do they average across the three scores? Take the lowest score? The highest? ”
None of these.
They typically use the median (the middle score)
-
AuthorPosts
