I borrowed more and for a longer time period because the representative i spoke to said there were no pre payment penalties. I borrowed 20000 for 20yrs for my
home. When I went to put back 12000 6months later, they said I had to prepay in FULL!!! 1 year later, the moneys gone. My big mistake. I want to know if
reborrowing at a much shorted period to pay off the long term loan (refinance) makes any sense.(5% 20yr for 8% 5yr) Or should i take out a personal loan. Is
it really that simple? A) Repay original and pay off loan more quickly B) Borrow from bank, get a write off, reinvest all the money into 401k re-establishing
interest on the outstanding balance. Which way will I lose the least?
When money is repaid to a 401k plan, does it get repurchased at the original selling price? stock = $40 when money taken out. When repaid the stock is worth $46. Does that constitute an additional Loss on my part?
When money is repaid to a 401k plan, does it get repurchased at the original selling price? stock = $40 when money taken out. When repaid the stock is worth $46. Does that constitute an additional Loss on my part?
