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Updated over 10 years ago on . Most recent reply

Joel Custodio's profile image
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Joel Custodio
  • Realtor
  • from Brooklyn, New York
  • Member since Sep 18, 2014
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Joel Custodio's profile image
Joel Custodio's profile image
Joel Custodio
  • Realtor
  • from Brooklyn, New York
  • Member since Sep 18, 2014
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Joel Custodio
  • Realtor
  • Brooklyn, NY
3
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18
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Buying & Selling Real Estate

Down payment

Joel Custodio
  • Realtor
  • Brooklyn, NY
Posted

Are you better off borrowing against your 401k or using a bank for a down payment on home?

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Chris Vail's profile image
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Chris Vail
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  • from Sacramento, CA
  • Member since Feb 7, 2014
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Chris Vail
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  • from Sacramento, CA
  • Member since Feb 7, 2014
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Chris Vail
  • Investor
  • Sacramento, CA
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Chris Vail
  • Investor
  • Sacramento, CA
Replied

I forgot to mention that there are generally 2 types of loans you can do out of your 401k short term which is less than 5 years payback I believe and long term I forget what the time frame is on these (20-30 years?)

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