Thread: Can I borrow from my 401(k)?
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Old 07-17-2005, 11:36 PM
lastsamurai lastsamurai is offline
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Join Date: Mar 2005
Location: la la land
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Default Re: Can I borrow from my 401(k)?
I dont recommend borrowing money out of your 401 K unless you really need it.

If you have a ROTH ira and a first time buyer you could use 10 K if you are a first time home buyer.

I am not an expert in real estate but I heard there are loopholes where you could still be considered a 1st time buyer if you already own a home. Please consult with your local tax guy.
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