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Re: OT-Can I take $$ from 401K toward home purchase>> Posted by gizmo [Email] (#1001) [Profile/Gallery] (more from gizmo) on Wed, 4 Feb 2004 10:04:53 In Reply to: OT-Can I take $$ from 401K toward home purchase>>, elSVT, Wed, 4 Feb 2004 08:35:14 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Your HR person is right...you can borrow but not withdrawal...the interest/mortgage payment sitch im not sure about...borrow the necessary down payment to make it affordable to you from your 401K...mortage the rest and deduct the int paid on the mortgage...the int on the 401k youd be paying to yourself and since its not a first or second on real property its not deductible
posted by 4.21.13...
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