Should I Take a Loan From My 401k When Buying a Home?

The thought of that much interest going to a mortgage company, why not take a 401(k) loan to buy the house…then the interest you’ll be paying to yourself instead of to a bank. Sounds enticing right? Well, it may not be something you want to do.

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.