Borrow from 401K

Posted on: Fri, 07/15/2011 - 18:41

agrantha

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Joined: 2011-07-12

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Borrow from 401K

I have no money accept in my 401k. If the fair market value of the home is $50,000 and is habitable should I borrow $4000 from my 401k for the down payment? The bank will approve me of a loan for $20,000 for the purchase of the home. Is $20,000 too much for me to pay?

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by agrantha
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