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I have to agree with not using a 401k loan as a down payment on a home...unless you have other assets to repay it if you lose your job...or you are in a govt/military job which has little possibility of ending. If you do not repay the loan when terminated, you are stuck with the early withdrawal penalty...which is potentially crushing since you are already in financial trouble and may find it hard to find alternative financing when unemployed.
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo
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"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
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