Ask a YFP CFP® #60: What are the pros and cons of taking out a 401(k) loan for a down payment on a house?

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Manish in San Francisco, California: What are the pros and cons of taking out a 401(k) loan for a down payment on a house?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Iberia Bank Home Loan: Get Pre-approved and Compare Multiple Lenders to Find the Home Loan That’s Right For You
• Nate Hedrick. the Real Estate RPh
• YFP Real Estate Concierge Services
• Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD
• Buy or Refi a Home
• Send in your questions here or to info@yourfinancialpharmacist.com

Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.