If you’re purchasing a home, then you’re going to need a down payment.
Many home buyers are not aware that they are able to withdraw from their 401(k) to use for the down payment.
How much can you borrow?
- $50,000, or
- 50% of your 401(k) account balance
Disclaimer: We are not an accounting firm or financial advisor. Please consult a licensed professional for more details.
