Originally Posted by
flyromeo3
dude,..I DO NOT recommend using your 401k as a downpayment. Theres a bunch of fee's you'll have to pay since its being taken out prematurely
actually, there is only one fee. its a basic loan fee which is like $25.
i understand the pt of not touching ur retirement but especially with how the economy and market is now......someone brought up a good pt that it is an investment and if u label the loan for primary property, it wont be taxed as income
i can take a loan out for with a 7% apr that will return back into my 401k acct. repayment is taken straight out of ur check post tax.