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Can I Use My 401(k) to Buy a House? Yes, Here’s How

Redfin

How to borrow from your 401k account to buy a house To borrow from your 401k loan to finance a down payment, youll need to talk to your employers benefits office or HR department, or with your 401k plan provider. Typically, applying for a 401(k) loan doesnt need that information since the money is already yours.

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#297: Ask Paula – Should I Househack or Pay Off My Student Loans?

Afford Anything

I’m torn between two options: Use the $20,000 to pay off my highest interest rate student loan (7.2 I’d apply for an FHA loan with a three percent interest rate. The first option will free up $200 of cash flow each month, which will accelerate my debt avalanche and result in less interest paid over the life of the loan.

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