Using self-directed Solo 401k funds to make mortgage payments

Using self-directed Solo 401k funds to make mortgage payments. Borrow From Your 401k and Increase Net Worth (Part 1)

Using self-directed Solo 401k funds to make mortgage payments video duration 1 Minute(s) 16 Second(s), published by SenseFinancial.com on 27 05 2015 - 00:05:07.

http://www.sensefinancial.com If you need cash to make mortgage payments, can you tap into your self-directed Solo 401k? Sense Financial discuss the process From the cable show "You and the Law." Tina Adams & Mike Burr discuss consumer bankruptcy issues.

http://www.youcanbethebank.net Private Mortgage Investing Testimonial You Can Be the Bank 401k IRA roll over Learn about Self Direct IRA and 401k With low rates, a lot of clients are refinancing to a shorter term loan, but we need to make sure we are not forgetting to max out our retirement account Borrow from your 401k is fine, especially if you have expensive debt! In this video, we actual model the results of two scenarios: 1
Borrow $10k from the 401k to .

http://www.sensefinancial.com

If you need cash to make mortgage payments, can you tap into your self-directed Solo 401k? Sense Financial discuss the process of using money from an individual 401k account for mortgage payments.

For more information please visit our website or contact (949) 228-9394.

As the plan owner, you cannot use funds from your Solo401k to purchase a house for personal use. You cannot sell the property to your Solo401k, or use your Solo401k as collateral for a loan. What you can do is to take out a participant loan from your Solo401k plan and use it to pay off your mortgage. The loan must be paid back using amortized payments over a period of 5 years, but you’ll be paying back interest to your own account, instead of the bank.