On FHA loan- i borrowed 4000 from my 401k plan I had 1000 saved in my savings? related questions

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On FHA loan- i borrowed 4000 from my 401k plan I had 1000 saved in my savings?0Jeni2012-10-27 16:07:50
And recently I've put the 4000 in my savings account for closure. I will be paying back $ 90 every 2 weeks for the loan , but could suspend my contributions if I would . But I want to know will this stop my process FHA loan , and who asked to see my bank statements and wanted to see a copy of the check 401k . I Thurs houston mortgage company but buying a house in Louisiana . We closed on Tuesday , but I'm still concerned about the matter . They already were Thurs all the paperwork and everything is this what I called Friday afternoon does anyone think that something is wrong ?
How can I buy my first home if I don't have much saved for down payment? Can I borrow against my 401K?3NEED HELPPPPPPPPPPPPPPPP2012-09-23 08:46:02
I'm frugal , my credit is good and currently earns $ 40K/year . I contribute the maximum. let my 401K . Also I have some of my remaining car loan and student loans of about $ 30,000 remaining .
Im 17 and a CNA, I've saved $6000 and I want to get married when I turn 18. I need help with a financial plan!8Asia2012-11-02 16:14:02
I met the girl of my dreams a couple of years and want to get married . We have opened a savings account and have saved $ 6,000 so far! We want to be financially secure and we both want to go to college too! Probably going to have to get a student loan and do not know what is the best and the company . We are also trying to save about $ 20,000 before we married . Im a CNA and she is a cashier at Bilo - we have 17 months until we would get married. Please help !
I want to buy a house but only have 11000 saved and dont have good credit. i plan on saving at least another?2Kenned2012-08-28 09:53:16
10000, so you can put 10-15% less than at home . I installed an old Discover card debt 5 years ago (down ans finance charges late fees and payment of the balance) and was sent to collections that were installed 5 years ago. I make 85,000 a year and my only debt is one of 38,000 student loan . my car is paid off and my other loans have been paid .. time . My main question is should I wait another 2 years until the negative is removed from my credit report so you get a better rate of interest, or am I better off getting closed today with interest and not much left as payment, but getting a good price right now because of how the housing market is right now. ? please help me
I have a ten year savings plan, am I able to secure a loan against it.?0August2012-09-02 20:20:03
I have a ten year savings , I have to get some money rather sharpish but not pay the
Borrow from 401k? I think I have the right plan.....?4omraan2012-10-12 10:56:02
I have the high credit card debt spread across several cards and I can not seem to get ahead . MedlinePlus MedlinePlus Thinking about 401k loans to change things once and for all . I know most people are against the idea, but here's my reasoning ; MedlinePlus MedlinePlus My interest credit card is high MedlinePlus MedlinePlus I am looking to pay the 401k loan in 12 months , to minimize the loss of appreciation from those funds in the 401k MedlinePlus MedlinePlus I want out of my routine so bad I really do not care about losing some interest on the amount you are going to borrow , especially when it is only for a period of 12 months , along with the amount of interest you will save in the short and long term credit cards . MedlinePlus MedlinePlus My only real concern is that the loan will be considered income tax time next year . But .... MedlinePlus MedlinePlus I reduced my 401k contribution last year, which increased my taxable income this year and reduced my tax refund. MedlinePlus MedlinePlus To repay the loan as income this year , would be looking to increase my 401k contribution again to help balance the look out . MedlinePlus MedlinePlus It seems that the thing to do ?
Is it possible to terminate my 401K plan and get my cash?1R S Telagathoty2012-09-22 23:54:02
I continue with the employer and I have no plans to quit , but I have a financial emergency and need money . The plan allows loans under certain circumstances , but my emergency does not meet your criteria.
Define an annuity savings plan?1macaw2012-08-22 14:33:02
My mother is 96 years old , is an important record , he has to cash , the bank wants a 3% early withdrawal , but he paid an amount necessary until the CD matures in one month, so you do not have to charge on the cd. the bank says they can convert your CD to an annuity at expiration next month. the bank says it can be able to give 4.5% interest ? what is an annuity. financial instrument is good for a woman 96 years old ?
When a borrower repays a loan of $4000,either in cash or by check, the supply of money reduced by $4000?0binky2012-08-26 03:09:02
Is it good or bad ?
I am unemployed since November, should I cash in my 401K to pay my 401k loan as I will not be able to afford?0deajia2012-11-05 00:47:03
Work was separate from 75,000 yr in November ... I will not be able to make my loan payments totaling almost 800 dollars a month 401K ... Should I cash out my 401 to repay the loan and pay fines and taxes this year , or wait until next year ... What worries me is that next year could be bad , because they can not get a job so easily be over 55 years old. I have enough there to break even with all the penalties and taxes ... so my question "Should I break before the new year or wait until January ." Thanks for your help .
Should I still contribute to 401K if I am also paying back a 401k Loan.?0Teniel2012-10-16 09:26:32
Should I put all the money for the loan or continue dividing the money ... part of the 401K and partly to repay the loan ?
Does a 401K loan repayment have to come out of your paycheck even if the 401k is not through your job?0sanchi2012-09-07 02:40:03
Does the 401K loan payment has to leave his paycheck, even if the 401k is not through your work?

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