Feature

Home Improvement Finance Matters - 401(k) vs. HELOC?

Posted by aaron on March 29, 2005 9:50 PM

For many of us, restoring or building a home involves some sort of financing arrangements. From CNN Money comes a nice write up on the merits of home equity loans versus taking a loan against your 401(k).

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Posted by aaron on March 29, 2005 9:50 PM | Filed under Headlines: Money

 

Comments

The loss of compound interest when you take a loan from your 401k (for any reason) can seriously derail a 401k. The tax deductibility of the home equity loan and realatively low interest rates currently should make this a no brainer.

Posted by: StuccoHouse at March 30, 2005 8:36 AM