ah, yes, the latest on my company 401K
bpuharic wrote:
On Wed, 21 Jul 2010 20:03:06 -0400, wrote:
bpuharic wrote:
On Tue, 20 Jul 2010 19:06:17 -0400, wrote:
go ahead and try to get a loan using your 401K as collateral
see what happens
CC
When would any lender accept a 401K account as collateral?
since it's a standard part of a loan applcation. that's when
been renting all your life, i see
I'm going to try to guess what you meant to say...
Loan applications usually are interested in liquid assets. 401K
accounts don't count. I ralize they can be liquidated but loan officers
aren't interested in that.
401k's are liquid assets if you take a tax penalty
not too bright, are you?
and what makes you think loan officers arent interested in money?
I said, and I know I misspelled a word, that I realize that they can be
liquidated. They are still of not interest to a loan officer as
collateral. I'm quite bright. I have a large 401K/IRA. You,
apparently don't.
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