Neither me or my wife are first time homebuyers, so that’s not an option. I’m taking this new job which will bring a 35% raise. It’s just going to be tough at first. That’s why I’m willing to pay taxes and penalties on the 28k, just to increase my cash flow by $600/mo. I also need approximately $30k to avoid PMI insurance, hence the new withdrawal. Do I want to do this? No. But it’s the only way to get myself in a position to accept this position and afford two mortgages for a while if I have to.
