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2 1/2 weeks after sold fox i got a house...
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[QUOTE]Originally posted by 5.t0es: [QB] [QUOTE]Originally posted by venomous99: [qb] [QUOTE]Originally posted by SLOWBACK 67: [qb] [QUOTE]Originally posted by hurting your feelings: [qb] [QUOTE]Originally posted by GOT 50: [qb] [QUOTE]Originally posted by SLOWBACK 67: [qb] ^ Don't borrow against your 401k. Under very very very rare situations should you ever take money early out of your 401k. [/qb][/QUOTE]I disagree. Most 401K programs allow you to take a loan against your 401K net vested assets at a very low interest rate with no penalties for a first time home buyer. [/qb][/QUOTE]I have to agree with you. [/qb][/QUOTE] http://m.kiplinger.com/article/credit/T001-C000-S002-reasons-not-to-borrow-from-a-401-k.html Just a small straight to the point article dealing with taking a loan against your 401k. You're better off lowering the % you're putting in while you set more money aside for a home. Starting next year I will be finacially stable enough to max out my 401k contributions. :D [/qb][/QUOTE]exactly...ppl just dont undersatnd on how all that translates when u pull money out and get all scared about pmi and shiet. pmi aint the end of the world and eventually will go away when u either refi or meet the term requirements. FHA makes it pretty damn affordable to get a home on very little down. [/qb][/QUOTE]Screw pmi, and stop giving false information, PMI is for the life of the loan now on fha loans, it does not go away without a refi. [/QB][/QUOTE]
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