A judge blocked Trump’s federal worker buyout – for now. But whether it moves forward or not, federal workers need to understand the mortgage risks.
If you take the buyout, lenders won’t count that income for a mortgage or refinance. If you decline but get fired later, you won’t be able to tap into your home equity with a cash-out refinance.
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Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate