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2. The pros and cons of taking out a 401(k) loan - AOL

   www.aol.com/finance/pros-cons-taking-401-k...

   Early withdrawals are less attractive than loans. One alternative to a 401(k) loan is a hardship distribution as part of an early withdrawal, but that comes with all kinds of taxes and penalties ...

3. Mortgages for seniors: Getting a home loan in retirement - AOL

   www.aol.com/finance/mortgages-seniors-getting...

   Loan type. Minimum credit score. Conventional loans. 620. FHA loans. 580 with 3.5% down payment, 500 with 10% down payment. VA loans. No minimum requirement, but generally 620

4. 6 ways to get the lowest rate on your next mortgage - AOL

   www.aol.com/finance/how-to-get-best-mortgage...

   6. Do the math before buying points. Some lenders give you the option to buy "points" in order to reduce your interest rate. One point typically costs 1% of your loan amount.

5. Mortgages for seniors: Getting a home loan in retirement - AOL

   www.aol.com/finance/mortgages-seniors-getting...

   Calculate your DTI ratio using this formula: DTI = Monthly debt payments (including mortgage or rent) / monthly gross income x 100. Some lenders allow a DTI ratio as high as 50 percent, but most ...

6. Should I Use My 401(k) to Pay Off My Mortgage? - AOL

   www.aol.com/401-k-pay-off-mortgage-140056496.html

   That rate of return is free money. For example, if you have $1 million in your 401 (k), at 7% annually, that’s earning you $70,000 a year. As you dip into your 401 (k), this annual payment will ...

7. How and When To Refinance a Mortgage Loan - AOL

   www.aol.com/finance/refinance-mortgage-loan...

   “Before refinancing, homeowners should weigh closing costs, which can range from 2 to 5% of the loan amount and how long they plan to stay in the home to ensure the savings from refinancing ...