Should I pull money out of my 401k to use for down payment???

[Chadeesia Dunkley]

Should I take advantage of the no penalty for pulling money out of my 401k? I want to buy my second house and I was thinking about pulling out about $25k out of my 401k to use for my down payment and closing cost. I am in my low 30s and I have about 100k saved up in retirement. What are your thoughts on this? 

[Kenneth Garrett]

@Chadeesia Dunkley

As an alternate you could borrow from your 401K up to 50% not to exceed 50K.  The interest rate is approximately 4%.  It might be a good alternative to an actual withdrawal.