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Reply to "Taking out a 401k loan for larger down payment "
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[quote=Anonymous]That $100k can become $500k easily by 2032 if invested correctly. You are choosing to have couple of years off instead? You are also choosing to take out yet another loan, and you already have a high payment. Don't touch the retirement. I wouldn't even buy a house unless you are willing to get a second job. Seems like there are two of you. Both of you need to get a second job and pay extra to get the years down to 27. Also, the down payment would grow faster in the market. You are about to put it into a house where it won't grow, it will be stuck there. Your heart wants a house over long term riches and you are choosing to pay some $7k interest for every $100k you borrowed. Get a roommate and a second job. Don't touch the retirement. [/quote]
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