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Reply to "Taking out a 401k loan for larger down payment "
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[quote=Anonymous]My husband did a 50k TSP loan @3.75% and cleaned out all of our emergency savings in order to be able to pay our house fully cash. Saved thousands in loan origination fees right off the bat, plus the 6% interest the bank wanted to charge (were originally going to finance 100k). Luckily no emergencies the first several months and we were easily able to replenish savings quickly without a mortgage. No regrets![/quote]
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