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re: Is borrowing against your 401(k) for a home down payment a good idea?

Posted on 12/16/13 at 9:09 pm to
Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 12/16/13 at 9:09 pm to
quote:

Anybody do this? What are some pros and cons of doing this? I'd rather pay myself back than some bank.


Its messed up that you have to "borrow" it - they should allow straight up withdrawals for 1st time home buyers/
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