Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about borrowing against 401k: | |||||||||||||||||||||||
Use Funds in 401K as a Down Payment?
April 19, 2004 "Is it advisable to use funds in my 401K as a down payment?" You don?t want to withdraw funds from a 401K to make a down payment, but you might want to borrow from your account. Whether you do or not should depend on whether it costs more or less than ... more... Second Mortgage Versus 401K Loan July 10, 2000 "I need $10,000 for a home improvement. I can either take out a home equity loan or I can borrow from my 401K retirement fund. Would the tax benefits on the home equity loan outweigh the advantage of ... more... |
|||||||||||||||||||||||
borrowing against 401k related definitions |
|||||||||||||||||||||||
Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more... Home Equity Loan Home Equity Loan A home equity loan is borrowing against the equity you have acquired in your home. Lets suppose your original mortgage was $175,000.00, but your house is worth $225,000.00. The difference is $50,000.00. ... more... |
|||||||||||||||||||||||
More about borrowing against 401k Getting The Best Deal On Personal Loans Business Insurance And What You Need To Know When Your Bills Are Piling Up Here Are 6 Different Ways to Consolidate The "Credit Card Debt Termination" Scam Accounts Receivable Factoring - A Viable Cash-flow Solution for Small and Medium-Sized Enterprises Where to Look for the Cheapest Homeowner Loan 125% Home Equity Loans Calamity or Prophecy? You be the Judge Legal Agreement to Cohabitate Between Unmarried Persons Reverse Mortgage Putting Your Equity to Work
|
|
||||||||||||||||||||||
|