Should you take out a loan on a 401k for a house

Discussion in 'General Chat' started by terry16844, Aug 11, 2008.

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  1. #1
    should i take out a loan on my 401k for my down payment for a home.
     
    terry16844, Aug 11, 2008 IP
  2. mimm

    mimm Banned

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    #2
    Hmm.. maybe you should.
     
    mimm, Aug 11, 2008 IP
  3. MrDeejay

    MrDeejay Peon

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    #3
    It all depends on the house + your budget. If you cannot afford to pay it back then you shouldn't but it is your choice.
     
    MrDeejay, Aug 11, 2008 IP
  4. Fka200

    Fka200 Guest

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    #4
    It might be wise to ask questions like this to a professional.
     
    Fka200, Aug 11, 2008 IP
  5. John06

    John06 Peon

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    #5
    sure. why not?!
     
    John06, Aug 11, 2008 IP