The Motley Fool Discussion Boards
Personal Finances / Buying or Selling a Home
|Subject: Re: Downpayment Sources||Date: 5/10/2013 8:53 PM|
|Author: Rayvt||Number: 125250 of 128459|
Well, your other option is that you pay Ginnie with cash from pocket A (your 401k) and she pays you back with interest.
I don't know who "Ginnie" is. Would that be his wife?
'cause I know how it works when I loan money to my wife. She says, "Thanks for giving me some money."
If at some point she decides to pay me back (which has never happened), she'll just go to the ATM, take the money out of the joint checking account, and hand me the cash.
Actually, should I ever demand a real payment with real interest, she'll say, "Sure. You're gonna need that money to buy a warm blanket, because the garage is cold tonight." ;-)
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|