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I agree that taking a loan against a 401k is a terrible idea...... unless it's the substitute for a mortgage. Aren't I paying that loan back at a much lower rate (and paying back to myself) than a 30-year fixed APR?

To me it seems smarter to loan against the 401k money and put that money into my house, then pay the loan back over time... instead of giving that much more interest $ to the bank

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