Achieving homeownership is an aspiration for many Americans, yet it can pose considerable challenges. If you find yourself lacking funds for a down payment, one alternative is to utilize your 401(k) for the purchase of a house. Yes, in certain situations, you can use...
When it comes to buying rental properties, you can choose between making a cash purchase or securing a mortgage loan. Each method has its unique benefits and drawbacks. Here’s a comparison of purchasing rental properties outright with cash versus opting...
Tax Implications Borrowers are often concerned about the tax consequences of a short sale. This is because, up until fairly recently, mortgage debt on a primary residence that was forgiven from a Short Sale or Foreclosure could be counted as “taxable income” by...