Submitted by tomsen12 t3_11ee5ya in personalfinance
tomsen12 OP t1_jadlmr7 wrote
Reply to comment by micha8st in How much 401k loan should I take? by tomsen12
Sorry, I don’t have answers to all the questions now. I’ll check with the lender.
401k loan interest is 7.5%. Currently, the conventional loan interest rates are above 7%. My interest rate lock will happen around mid March. The property is in Dallas where property prices have gone up 200% in the 2-3years, so I don’t expect any appreciation after purchasing the property.
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