401k

[Brandon Crumpton]

Morning people!  Can anyone tell me the pros and cons about withdrawing from 401k to make a home purchase?

[Linda S.]

I use my 401K to buy my second investment property, it's pretty simple ... you can take 50%, and if it's an investment property, it has to be paid back within 5-years.    If it's a primary residence,  I  believe it's 10 years.    They mailed me the check within a week, very simple and easy!