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Real Estate
Reply to "Borrowing from retirement accounts for down payment"
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[quote=Anonymous][quote]You have a 170k HHI with one person working and you took out 50k to buy a 900k house? Even with a 720k mortgage that is insane to me.[/quote] Agreed. My DH also works at a financial regulatory agency with a comparable income, plus i work as well and we only have one kid. We took out $44K from one of our TSPs to help with renovation costs on a new house that was only $535K, and we are paying it back as soon as we sell our old house. Maybe this PP has other sources of income or wealth like family assets. [/quote]
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