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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceAffording closing costs
Aisha M.'s profile image
Aisha M.'s profile image
Aisha M.
  • Rental Property Investor
  • from New York
  • Member since Jun 22, 2017
  • Posts 43
  • Votes 18
  • Experience 7 Yrs
  • Investments 1
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User Stats

43
Posts
18
Votes
Aisha M.'s profile image
Aisha M.'s profile image
Aisha M.
  • Rental Property Investor
  • from New York
  • Member since Jun 22, 2017
  • Posts 43
  • Votes 18
  • Experience 7 Yrs
  • Investments 1
Connect
Aisha M.
  • Rental Property Investor
  • New York
18
Votes |
43
Posts
Private Lending & Conventional Mortgage Advice

Affording closing costs

Aisha M.
  • Rental Property Investor
  • New York
Posted Jun 28 2018, 09:55
Hi BPers, I’m new here. I’m trying to buy a multifamily to househack but coming up short to meet closing costs under a conventional loan. Is borrowing a couple grand from my 401k to afford closing costs a good idea? And also, how would I be penalized going that route? Feel free to provide any other alternatives I probably haven’t thought of.
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