More People Borrowing From 401ks to Buy Homes
Recent studies reveal a rise in consumer borrowing from 401k accounts to finance home purchase down payments. Is this strategy wise? In short… NO!
Read the article: More Borrowers’ Down Payments Coming from Retirement Accounts
Ric Edelman:
Don’t Borrow from Your Retirement Fund
Ric Answers Clients Questions on Why to Never Borrow from Your 401k
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Ed Conarchy
Mortgage Advisor
NMLS # 215698
Providing Personal Mortgage Advice Since 1990
Cherry Creek Mortgage Company
495 N. Riverside Dr., Suite 206
Gurnee, IL 60031
Phone: (847) 970-4239
Fax: (847) 557-2088
Ed Conarchy NMLS # 215698
Licensed in Wisconsin, Illinois, Indiana and Michigan
Cherry Creek Mortgage Co., Inc. NMLS # 3001
Illinois Residential Mortgage Licensee # 0005759