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January 15, 2009 at 7:48 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #329084January 15, 2009 at 7:48 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #329423
JustLurking
ParticipantAN is right. This is not a good idea for 2 reasons. You borrow pre-tax money and pay it back with after tax money. That would negate much of her “savings”. And if you lose your job, the full loan amount is due within 60 or 90 days (I would have to look that up to now the exact time frame).
January 15, 2009 at 7:48 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #329494ParticipantAN is right. This is not a good idea for 2 reasons. You borrow pre-tax money and pay it back with after tax money. That would negate much of her “savings”. And if you lose your job, the full loan amount is due within 60 or 90 days (I would have to look that up to now the exact time frame).
January 15, 2009 at 7:48 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #329522ParticipantAN is right. This is not a good idea for 2 reasons. You borrow pre-tax money and pay it back with after tax money. That would negate much of her “savings”. And if you lose your job, the full loan amount is due within 60 or 90 days (I would have to look that up to now the exact time frame).
January 15, 2009 at 7:48 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #329605ParticipantAN is right. This is not a good idea for 2 reasons. You borrow pre-tax money and pay it back with after tax money. That would negate much of her “savings”. And if you lose your job, the full loan amount is due within 60 or 90 days (I would have to look that up to now the exact time frame).
Participantsunny88 – tell that to this neighbor, who also bought in 2006 for almost $2 million:
http://www.sdlookup.com/MLS-080064053-9720_Claiborne_Square_La_Jolla_Ca_92037
People did pay that much for those condos at the peak. Nuts, but true.
Participantsunny88 – tell that to this neighbor, who also bought in 2006 for almost $2 million:
http://www.sdlookup.com/MLS-080064053-9720_Claiborne_Square_La_Jolla_Ca_92037
People did pay that much for those condos at the peak. Nuts, but true.
Participantsunny88 – tell that to this neighbor, who also bought in 2006 for almost $2 million:
http://www.sdlookup.com/MLS-080064053-9720_Claiborne_Square_La_Jolla_Ca_92037
People did pay that much for those condos at the peak. Nuts, but true.
Participantsunny88 – tell that to this neighbor, who also bought in 2006 for almost $2 million:
http://www.sdlookup.com/MLS-080064053-9720_Claiborne_Square_La_Jolla_Ca_92037
People did pay that much for those condos at the peak. Nuts, but true.
Participantsunny88 – tell that to this neighbor, who also bought in 2006 for almost $2 million:
http://www.sdlookup.com/MLS-080064053-9720_Claiborne_Square_La_Jolla_Ca_92037
People did pay that much for those condos at the peak. Nuts, but true.
Participant388 SF for kitchen, family room/living room, hallways, closets, etc. seems pretty tight to me.
Participant388 SF for kitchen, family room/living room, hallways, closets, etc. seems pretty tight to me.
Participant388 SF for kitchen, family room/living room, hallways, closets, etc. seems pretty tight to me.
Participant388 SF for kitchen, family room/living room, hallways, closets, etc. seems pretty tight to me.
Participant388 SF for kitchen, family room/living room, hallways, closets, etc. seems pretty tight to me.
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