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Reply to "Borrowing from retirement accounts for down payment"
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[quote=Anonymous]How much of a bad idea is this? I realize it's not ideal. More money would always be ideal, but what would you do in the following scenario? Option 1: Using just savings for downpayment; will have to upgrade later because house we can afford now won't work as kids grow. Option 2: Borrowing from retirement account for larger downpayment in order to buy "forever home." Wouldn't need to sell/buy down the road; stability for kids. [/quote]
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