If you have a 401(k) or other investments or you’re considering a home equity loan, here are a few things you should contemplate, and discuss with a financial advisor.
You may be able to borrow against your 401(k) and pay yourself back with interest this way. This may affect the money you will need for retirement.
The interest on this loan may be tax-deductible, but is the rate low enough? And does this leave you with any funds for emergencies or other opportunities?
Cashing in investments may seem more attractive than borrowing. This may increase your income tax liability with additional capital gains.