{ "media_type": "text", "post_content": "Crosspost from FIRE: Is it worth draining my Roth IRA to help fund my downpayment? Benefits: pay less PMI, potentially lower interest rate, greater capital gains exemption on higher value property.", "post_id": "5ecd8484633ed8002cca409c", "reply_count": 1, "vote_count": 1, "bowl_id": "5a5242b78e26290018502ca0", "bowl_name": "The Real Estate Bowl", "feed_type": "bowl" }

Crosspost from FIRE: Is it worth draining my Roth IRA to help fund my downpayment? Benefits: pay less PMI, potentially lower interest rate, greater capital gains exemption on higher value property.

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If it’s a good investment (good deal in a hot market) then yes you can use it for your down payment but it should be a last resort if you’re having success growing your Roth. Make sure you’re looking at other options first for example I just got a 3.35 rate with Wells Fargo with only 10% down and the PMI was only $50/month! 5% down would’ve only added another $10/month.

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TidalHealth - a large Healthcare organization in Salisbury, Maryland, and Seaford, Delaware has a multitude of employment opportunities!

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We offer sign on bonuses, student loan repayment, and much more!

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