c**********r
发帖数: 72 | 1 rate可能比mortgage高1-3个百分点，只有加上这个loan才够付20%的down。不贷的话，
估计1-1.5年才能补到20%的本金。大家看看有没有必要贷两个款。谢谢了！ |
n****9
发帖数: 82 | 2 use 401K and don't take two loans. You pay interest for yourself in 401K
loan. |
b*d
发帖数: 9308 | 3 没有必要贷两个款，还是20%的Downpayment比较保险一点。
【在 c**********r 的大作中提到】
: rate可能比mortgage高1-3个百分点，只有加上这个loan才够付20%的down。不贷的话，
: 估计1-1.5年才能补到20%的本金。大家看看有没有必要贷两个款。谢谢了！
|
c**********r
发帖数: 72 | 4 I have to pay 20% of tax and 10% of penalty if cash out 401k. Also, i guess
my tax rate will jump due to increasing income (401k amount). for example,
12000 is cashed out,
12000 - 20% tax - 10% penalty - 3000 for additional tax = 5400. :-(.
Is my calculation correct?
【在 n****9 的大作中提到】
: use 401K and don't take two loans. You pay interest for yourself in 401K
: loan.
|
c**********r
发帖数: 72 | 5 short in cash right now. :-(.
【在 b*d 的大作中提到】
: 没有必要贷两个款，还是20%的Downpayment比较保险一点。
|
P*****s
发帖数: 2619 | 6 check with your 401k company.
my 401k loan is only 3.2% (half year ago)
【在 c**********r 的大作中提到】
: rate可能比mortgage高1-3个百分点，只有加上这个loan才够付20%的down。不贷的话，
: 估计1-1.5年才能补到20%的本金。大家看看有没有必要贷两个款。谢谢了！
|
c**********r
发帖数: 72 | 7 I did. They mailed me the form today. Will come to update here once I see
the term.
any cost? are you still able to put money in 401k account every pay?
【在 P*****s 的大作中提到】
: check with your 401k company.
: my 401k loan is only 3.2% (half year ago)
|
d******n
发帖数: 2712 | 8 现在申请两个loan不像以前那么容易了，为了贷款方便的话，从401K借钱出来是一个比
较可行的办法。
实在是钱紧的话，可以先做ARM，少pay些房贷，把利息高的那个pay掉。等稳定了在
refi，或是多pay些本金。 |
z**********i
发帖数: 12276 | 9 关于第二个LOAN,去USBANK问,给的利率很高.另外一个小银行到是可以.
【在 d******n 的大作中提到】
: 现在申请两个loan不像以前那么容易了，为了贷款方便的话，从401K借钱出来是一个比
: 较可行的办法。
: 实在是钱紧的话，可以先做ARM，少pay些房贷，把利息高的那个pay掉。等稳定了在
: refi，或是多pay些本金。
|
s**********d
发帖数: 36899 | 10 如果你离开工作（不管是辞职还是被lay off还是公司倒闭），
401(k) loan一般要90天内还上。 |
|
|
c**********r
发帖数: 72 | 11 Thanks for the info. I don't worry about this. The only concern now is
whether 401k loan will affect my conventional loan?
for example, I got 5,000 - 10,000 from 401k loan and put them into
downpayment for the conventional house loan. Will bank still approve my
mortgage and give me a good rate as if 20% down is out of my own pocket?
Thank you.
【在 s**********d 的大作中提到】
: 如果你离开工作（不管是辞职还是被lay off还是公司倒闭），
: 401(k) loan一般要90天内还上。
|
P*****s
发帖数: 2619 | 12 no any cost. I can still contribute my 401k when I am in loan
see
【在 c**********r 的大作中提到】
: I did. They mailed me the form today. Will come to update here once I see
: the term.
: any cost? are you still able to put money in 401k account every pay?
|
P*****s
发帖数: 2619 | 13 that's not a problem at all
【在 c**********r 的大作中提到】
: Thanks for the info. I don't worry about this. The only concern now is
: whether 401k loan will affect my conventional loan?
: for example, I got 5,000 - 10,000 from 401k loan and put them into
: downpayment for the conventional house loan. Will bank still approve my
: mortgage and give me a good rate as if 20% down is out of my own pocket?
: Thank you.
|
c*****a
发帖数: 1577 | 14 请教：如果90天还不上会怎么样？
【在 s**********d 的大作中提到】
: 如果你离开工作（不管是辞职还是被lay off还是公司倒闭），
: 401(k) loan一般要90天内还上。
|
c**********r
发帖数: 72 | 15 "If you fail to make required payments in a timely manner, the loan may be
treated as a distribution, some or all of which may be taxable. If you are
under age 55 at the time you terminated, there may be a 10% early withdrawal
penalty on the taxable portion of the distribution. "
hope it is helpful.
【在 c*****a 的大作中提到】
: 请教：如果90天还不上会怎么样？
|
n****9
发帖数: 82 | 16 You need to check with your company for this. I once took 50% of 401K and
didn't pay tax/penalty but you need to pay back using post-tax income w/ ~4.
5% interest.
If you leave your company you can also set up auto withdraw from your back
to keep your loan and don't need to payback within 90 days. This is in my
case but you need to check your company.
guess
example,
【在 c**********r 的大作中提到】
: I have to pay 20% of tax and 10% of penalty if cash out 401k. Also, i guess
: my tax rate will jump due to increasing income (401k amount). for example,
: 12000 is cashed out,
: 12000 - 20% tax - 10% penalty - 3000 for additional tax = 5400. :-(.
: Is my calculation correct?
|
c**********r
发帖数: 72 | 17 thanks! i got the answer from my company benefit center.
1. min loan is 1,000, max is 50% of your own vested. :(, cannot get loan
from the company match and pension portion. 555. I didn't invest much.
2. rate is 1% + wall street journal prime rate at the month end of loan
close.
3. payback is deducted from paycheck.
4. if by any means employment is terminated, either pay back loan once or
keep sending check to 401k brokage company. if payment stops, the case is
considered as 401k cash out which means tax...
In general, it is a good program for folks who relies on 401k loan to get 20
% downpayment to avoid PMI, for example, me.
4.
【在 n****9 的大作中提到】
: You need to check with your company for this. I once took 50% of 401K and
: didn't pay tax/penalty but you need to pay back using post-tax income w/ ~4.
: 5% interest.
: If you leave your company you can also set up auto withdraw from your back
: to keep your loan and don't need to payback within 90 days. This is in my
: case but you need to check your company.
:
: guess
: example,
|
d******n
发帖数: 2712 | 18 一码归一码，401K的loan是债务，只要负债总数在银行guideline以内就可以。对于房
贷，从401K借出来的钱是会被认可的，因此down pay就是20%，不会影响rate。 |
