First question:
I understand I can take $10k penalty-free from my roth IRA for a first time home buying down payment. Halfway through my twenties, is it smarter to use this or take out the money from a taxed non-ira account? Both accounts are long term 8-10% mutual funds.
Second question:
If I take out the $10k from my roth, which I understand will remove contributions first, what if I can't close on a house and don't end up using it...can I put that money back as if nothing happened? I've maxed out my contributions ever year, so would I be able to put that $10k back as a whole, or am I stuck back with the ~$5k per year limit? According to https://www.wellsfarg...ent/ira/faq.jsp:
Is that applicable to what I'm asking?
Third question:
A variable rate mortgage offers the lowest APR and is locked in for the first five years, is this a safe option since we will be moving by then anyways?