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re: Taking contributions out of Roth IRA to buy land (updated 5/28/24 - not Roth)

Posted on 2/1/24 at 4:45 pm to
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119576 posts
Posted on 2/1/24 at 4:45 pm to
Just got off the phone with the mortgage company. They said I could refi to between 5-6% and just increase my monthly payment. I suppose that is an option as well to consider. Of course doing that, I'm just rolling the land cost into a loan instead of buying outright with other funds.

Ugh, I hate this stuff.
Posted by ItzMe1972
Member since Dec 2013
9825 posts
Posted on 2/1/24 at 6:09 pm to
"They said I could refi to between 5-6% and just increase my monthly payment."
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That's the rate for a cash out refinance?
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