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Updated over 12 years ago,
Anybody gotten a mortgage on SD 401K owned property
Until now, all my SD 401K purchases have been all cash. I am aware that you are allowed to get a mortgage for them and am considering it but the bankers I have spoken to seems as clueless as I am.
I have been told by some that the deed cannot be held in an "investment entity" name, which obviously the 401K is.
Has anyone done this? How does this work in terms of qualifying, etc.?
Thanks