- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Borrowing money from 401k...how does this work usually?
Posted on 2/23/16 at 4:48 pm to TheCaterpillar
Posted on 2/23/16 at 4:48 pm to TheCaterpillar
quote:
Fair. Thanks for the advice.
No problem. I speak from experience. We stretched for our first house and were surprised at how much money we put into it the first year. We made plenty of money according to all the charts for how much home you can afford, easily qualified for way more than our mortgage, etc. but we were cash poor and depleted savings to buy the house. Only time in my life I carried credit card debt from month to month. Hated it.
Posted on 2/23/16 at 5:42 pm to elposter
quote:
No problem. I speak from experience. We stretched for our first house and were surprised at how much money we put into it the first year. We made plenty of money according to all the charts for how much home you can afford, easily qualified for way more than our mortgage, etc. but we were cash poor and depleted savings to buy the house. Only time in my life I carried credit card debt from month to month. Hated it.
this! Don't listen to the realtor or mortgage broker on how much you can afford. Do a budget and give yourself a ton of wiggle room.
Popular
Back to top
Follow TigerDroppings for LSU Football News