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  2. Should I pay off my mortgage early? - AOL

    www.aol.com/finance/pay-off-mortgage-early...

    Based on the terms of your loan, you could be subject to a prepayment penalty for paying off your mortgage early. Typically, loans older than three years are not subject to this type of penalty.

  3. Should I invest while saving money for a down payment? - AOL

    www.aol.com/finance/invest-while-saving-money...

    Due to the tax hit and the added cost of an early-withdrawal penalty if you’re not yet 59½, withdrawing money from a 401(k) — versus taking a 401(k) loan — should only be a last-ditch ...

  4. 8 ways to take penalty-free withdrawals from your IRA or 401(k)

    www.aol.com/finance/8-ways-penalty-free...

    Though you may take money out of your 401(k) to use as a down payment, expect to pay a 10 percent penalty. However, take the money from your IRA, and it’s penalty-free. The penalty-free ...

  5. 5 ways to avoid taking early withdrawals on your 401(k ... - AOL

    www.aol.com/finance/5-ways-avoid-taking-early...

    First-time home buyers: If you’re looking to make a down payment on your first home, the IRS allows you to withdraw up to $10,000 from an IRA penalty-free. But you’ll want to work to rebuild ...

  6. What is a prepayment penalty? - AOL

    www.aol.com/finance/prepayment-penalty-165152113...

    Mortgage loans with an early payment penalty are rare today, but when applicable, the fee can be steep. The penalty can be 2 percent of your loan balance within the loan’s first two years and 1 ...

  7. Should I draw from my retirement accounts to pay for home ...

    www.aol.com/finance/draw-retirement-accounts-pay...

    This is known as a “loan offset” and is also subject to being taxed as income and the 10 percent withdrawal penalty for those younger than 59 ½. 4. Will the home improvements add value to my ...