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

Afford Anything

George is torn between paying down his student loan debt (which he deferred) or buying a househack. I’m torn between paying down my student loan debt versus buying a househack. I have a total of $130,000 in federal student loans – $26,000 in my name, and $104,000 in my parents’ names. I don’t have any revolving debt.

Loans 67
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Can I Use My 401(k) to Buy a House? Yes, Here’s How

Redfin

Key takeaways You can use your 401(k) to buy a home with a 401(k) loan or withdrawal. A 401(k) loan allows you to borrow the money without penalty, but you need to repay it. There are two options to consider – 401(k) loans and 401(k) withdrawals. However, youll need to pay back the loan with interest.