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Reply to "Borrowing from TSP for down payment?"
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[quote=Anonymous]We did this to finance an addition. It was a super good move given how low the rate was and we put the money right back into our home, the value of which jumped by 4-5 times what we borrowed. **HOWEVER** then DH left the gov't earlier than planned. Even though his new salary was 3 times his old one, it was still a dance to come up with the entire remaining loan in 90 days without touching savings etc. If you don't pay it, you pay up to 50 percent tax depending on your bracket. Ouch.[/quote]
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