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Reply to "Borrowing from TSP for down payment?"
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[quote=Anonymous]My DH did this to buy his condo -- and no, the rules are not all the same as borrowing from a 401k. The main difference is that a TSP loan has a 2% interest rate that gets paid into the borrower's TSP when you pay it back. So that's a pro. Cons - you might want to leave your job, you will miss out on growth and compound interest for the money you pull out, and needing to borrow a down payment in the first place might be a sign you can't afford the house.[/quote]
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