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Larry[_25_] Larry[_25_] is offline
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First recorded activity by BoatBanter: Jul 2010
Posts: 190
Default 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.