IRA's

"The Easiest Way to Buy or Sell a Home or Get a Home Loan in Klamath Falls" Information provided by Town & Country Realty & United Mortgage Corporation of America
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FREE Recorded Info On Homes You Can Buy With Zero Down Payment...Call 24hrs Toll Free 1-866-883-3421 ext. 2011

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Town & Country Realty

2300 Biehn Street

Klamath Falls, OR 97601

Toll Free 1-866-883-3421 ext. #

info@t-crealty.com

Details of how to draw funds from an IRA to buy a home - Coming Soon!

First-time homebuyers can borrow up to $10,000 without penalty from their Individual Retirement Account to cover acquisition costs of a home. If a spouse also is a first-time homebuyer, each buyer can borrow up to $10,000.

TIP: Alert buyers that funds taken from an IRA must be used to pay qualified acquisition costs within 120 days of withdrawal. Qualified acquisition costs may include the cost of buying, building, or rebuilding a home or the costs of financing, settlement, or closing costs.

Try to find a co-mortgagor. Parents who can't contribute may be willing to co-sign a loan.
Check to see if buyers qualify for FHA, VA, or any state or local programs to assist homebuyers.
Discuss the possibility of a purchase-money mortgage, in which the sellers take back a loan for all or part of the purchase price

Questions? Feel free to email me & ask - teresa@t-crealty.com

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Copyright © 1998-2003 Town & Country Realty & Net Branch for United Mortgage Corporation of America, 2300 Biehn Street, Klamath Falls, OR 97601 - Toll Free 1-866-883-3421 ext. # for voicemail, info@t-crealty.com