1. Guest,
    If you need help getting to know Xenforo, please see our guide here. If you have feedback or questions, please post those here.
    Dismiss Notice

Refinancing - Wondering

Discussion in 'After Hours Lounge (Off Topic)' started by Samuel Des, Mar 29, 2003.

  1. Samuel Des

    Samuel Des Well-Known Member

    Joined:
    Feb 7, 2001
    Messages:
    801
    Likes Received:
    0
    I'm about to refinance, already locked-in. The appraisal and title work are done. But I haven't made my Roth contribution yet. I want to contribute the max $3,000. Anyone have any idea how this might impact my loan? I've got about 60 percent equity, no other debt, and -- if I make my full contribution -- a very healthy cash account. Retirement fund are down, though....
     
  2. SteveA

    SteveA Well-Known Member

    Joined:
    May 25, 2000
    Messages:
    701
    Likes Received:
    0
    If you've already been approved for the loan, I don't see how contributing to a Roth IRA would have any impact whatsoever.
     
  3. Scott Merryfield

    Supporter

    Joined:
    Dec 16, 1998
    Messages:
    11,446
    Likes Received:
    651
    Location:
    Michigan
    Contributing to your Roth IRA should have no effect on your refinancing loan, regardless of whether you are already approved. Even though the funds may be in an IRA, they can still be considered assets towards approval if necessary.
     

Share This Page