Borrow Against 401k Home

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Posted on February 22, 2019 at 16:15 PM



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Borrowing From Your 401(k) to Buy a House . Share Flip Pin Email ... Making a 401(k) Withdrawal to Buy a Home . Compared to a loan, a withdrawal from your 401(k) seems like a much more straightforward way to get the money you need to buy a home. The money doesn't have to be repaid and you're not limited in the amount you can withdraw, the way ...
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Borrowing against your 401K means, you are borrowing from yourself. Unlike borrowing from a bank, the interest you pay, you pay to yourself. The amount you borrowed is no longer invested so rather than getting investment gains; your β€œgain” is the interest you pay back.

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