Dear Dr. Don,
I have a rather convoluted question or rather several questions that branch out from one question. We have a mortgage with a loan balance of $245,000 on a home valued at $265,000 resulting in a monthly private mortgage insurance, or PMI, of $130. Our mortgage annual percentage rate, or APR, is 6.87%. We have $40,000 in a 401(k) account.
Would it behoove us to withdraw the 401(k
I have a rather convoluted question or rather several questions that branch out from one question. We have a mortgage with a loan balance of $245,000 on a home valued at $265,000 resulting in a monthly private mortgage insurance, or PMI, of $130. Our mortgage annual percentage rate, or APR, is 6.87%. We have $40,000 in a 401(k) account.
Would it behoove us to withdraw the 401(k
Read more: http://www.foxbusiness.com/personal-finance/2013/07/05/mortgage-refinance-taxing-with-401k/#ixzz2YUWVioR8
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