Experience the Complete Journey with DCR Homes

The dream of buying their own home often makes people explore different financing options. One that is very common to consider is tapping into their 401(k) retirement savings. Although it might seem like an appealing and possible alternative, the truth is that this decision requires careful consideration.

Buying a home is one of the most significant investments most people make in their lifetime, and, for a great part of Americans, taking out a mortgage makes this achievement possible: According to recent data from the United States Census Bureau, approximately 61.5% of the homeowners had a mortgage on their property.

Buying your dream home is an exciting milestone, but saving for the down payment can feel like a big-distant challenge. This expense can represent (typically) 10-20% of the property’s purchase price, making it one of the largest upfront expenses in the home-buying process. But don’t worry, at DCR Home, we want to give you some reassurement: It’s possible.