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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I did it, borrowed 50k from TSP (federal government equivalent to 401k) in order to finance a mortgage. It basically bridge the gap between my down payment, so I could have the necessary 20% down. I plan to pay it off quickly, within the next 2 to 3 years. We are in our early 30s, wife is a SAHM, and we wanted a forever home which cost 900k now instead of later (2 to 3 years). Our kids are 6 and 4 and not desiring another move again, and wanted to settle them into a school system while young.

I'm looking at strong income growth for the next 10 years, possible seeing 100k to 150k more by then so not going to sweat it. The wife will return to the work force once the youngest enters elementary school. Currently making 170k at a financial regulatory agency.

If you can make it work for you, do it. You will forgo some short-term stock growth in your portfolio but you end up obtaining your desired property sooner rather than later. It's a trade off. I've been over saving for years, so in the long term it's not going to affect my retirement outlook on bit.

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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]

I was thinking the same thing.  A TSP loan means a federal employee, which means no way they are seeing 100k to 150k income growth within the federal government because that would put the person well over all pay caps.  So this has to be based on an an assumption about moving to the private sector at some senior executive level in the financial industry?  (Which is by no means assured "ten years in the future.")  But I'm assuming this could also mean the spouse going back to work?

Pretty big risk.  We're worried about over extending ourselves on a house that expensive with two incomes that size and no kids... [/quote]

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