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re: Borrowing from a 401k vs Home Equity Loan
Posted on 9/14/17 at 12:26 pm to notsince98
Posted on 9/14/17 at 12:26 pm to notsince98
quote:
How would the 401k loan work? Would the money actually be removed from your account or would the money in your account just be the collateral you are borrowing against?
Mine was a collateral type loan. No funds were removed. They just deducted the amount to pay back from your paycheck ~ 400 bucks a pay period. Barely noticed it.
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