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

We just realized the home won't be ready till April. This gives us about 3 months to come up with the difference. I think we will still be about $10-15K short if we include the closing costs.

We probably will end up borrowing this from family members. I will only consider borrowing against my 401(K) if I don't have to liquidate some if my funds in there. That was new information to me. I don't want my portfolio to stop growing. Even if I pay back including interest, I think the return will be much less than what it would normally do. I need to find out what the policy is at my employer. But it is starting to seem like borrowing from a family member and repaying them is less of a hassle.