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Is it bad to take a 401k loan for house down payment?
Is it bad to take a 401k loan for house down payment? I’d like to take a loan from my 401k to use for my down payment. I do technically have enough cash available for the down payment, but my cash savings would be very low which makes me nervous. I’m thinking of taking a 40k 401k loan to keep an extra 40k of my cash in savings. I understand I’ll have to pay it off in full if I lose my job (and wil...
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