Pros and Cons of Using Your 401K to Buy a House

Saving for a down payment on a house is often not an easy task. A down payment can be a substantial amount of money, depending on the price of the house, and a weekly or monthly savings plan can take years to add up to enough.

There are ways to use your 401K to buy a house, but doing so has implications you need to consider.

Here we’ll discuss the pros and cons of using your 401K to buy a house so that you can make an informed decision. 

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