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Home Buying in Harveys Lake : Real Estate Advice

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Activity 2
Tue May 21, 2013
frank32202 asked:
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This question was asked from this property: http://www.trulia.com/property/3015307472-6-Hemlock-Gardens-Harveys-Lake-PA-18618
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Wed Jul 1, 2009
Jason Diperstein answered:
Harvey,

I need a little clarification here. You can cash out your IRA for a down payment, or if you already have a down payment you can use you IRA as assets to bolster your strength as a borrower. If you are speaking of the former you should definitely speak with your tax professional. There may be serious tax implications for early withdrawals of equity on a down payment. If these are not what you were speaking of, please be more specific.

Kind regards,

Jason Diperstein
E Mortgage Management
800.793.9633 ext. 156
jdiperstein@emmloans.com
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