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re: Using your 401k to buy a house

Posted on 12/27/13 at 8:15 pm to
Posted by guttata
prairieville
Member since Feb 2006
22513 posts
Posted on 12/27/13 at 8:15 pm to
Why not just wait till you have $40k saved up?
Posted by camweb68
Cecilia
Member since Oct 2008
418 posts
Posted on 12/27/13 at 8:26 pm to
I guess I am looking at paying off the house as quickly as I can and then start saving up again for retirement. Is this the wrong way to think ? I just see that the home is the biggest expense in your life. And also I would think that that 40k would help reduce a lot of compounding interest along the way ton paying off your loan.
This post was edited on 12/27/13 at 8:29 pm
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