Jose, maybe only cash out enough to cover 20% of the home costs? That way you can avoid PMI and not take out too much from the 401k hopefully. I'd consult a financial adviser with that idea unless they can offer good reasons why not at all or why you should go more than the 20% down payment. Good luck. I hate renting and look forward to the day I can buy my own home, too.
__________________
Trey
Current rides: 2000 BMW 540i/6 and 86 C10.
Former ride: 1979 Trans Am WS6: LT1/T56, Kore 3 C5/6 brakes, BMW 18in rims
Last edited by WSSix; 01-28-2013 at 02:27 PM.
|
Brian Hobaugh SCCA National Tour June 2014
First Hemi 'Cuda Convertible Ever Built
Short clips: Goodguys Pleasanton autocross and pit videos
Threaded Mode