Can you make a House Downpayment through your 401K?

The short of it yes you can.

You can borrow money from your 401K and make a down payment on a lot of things. It’s called a loan against your 401K and basically you’ll be paying back the money, with interest to yourself.

There is an article today over at fool.com that talks about just this. Selena Maranjian pulled a discussion from the buring or selling a home discussion board at fool.com and point’s out the quality responses the user who posted the question got. Selena also added a bit of her own advice such as.

Getting the best terms you can

Search out alternative means

Should you Save for a down payment

All these tips and a few more on real estate investing can be found at her article linked to above.

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