Can I use money from my IRA for a downpayment without having to pay penalties?
By Jessica Swesey, Thursday, April 3, 2008.Bookmarking Sites
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Submitted by Rogan McGillis on April 11, 2008 - 3:06pm.
Good question, i'm not sure. I know you can borrow against a 401k plan but I'm not sure about an IRA. I would ask your financial advisor, they should know the answer to that I would think.
Rogan McGillis
Founder, ReverseMortgageCity.com
www.reversemortgagecity.com
Submitted by chuck armbruster on May 2, 2008 - 10:28am.
I would say, "no."