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401k: BORROWING FROM YOUR 401K
- 01/04/16 10:13 PM
Have you refinanced your home into oblivion? Tapped out every available money resource with a myriad of loans and credit cards? There is one last option: borrowing from your 401(k). . If you've never heard of this option, it's because until recently, it just wasn't done that frequently. But with the market still not fully recovered, and people desiring to cut their high interest debt, more folks are discovering this alternative lending source when purchasing their home.
Pros: A 401(k) loan does not appear on your credit report. They are not reported to Experian, and do not become a part of your … (1 comments)
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