re: Borrowing money from 401k...how does this work usually?

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I understand the issue of "reaching" for a house, however the risk is limited since the mortgage would be less than our current rent, its new construction with a 1 year builders warranty on the entire thing, and it comes with all appliances.

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Cat... I'm not trying to shoot at your dreams here, but this sounds like a new cut and you get to pick from specific floorplans? Like a DSLD homes type of builder?


If so, be a little careful. Not with the builder necessarily, but I have seen time and time again where the neighborhood doesn't fill but the sign out front still says *starting in the 225's or whatever. Then a few years later someone sells for whatever reason and they can't even get the new build price and values fall.

Established neighborhoods have a value for a reason