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Second Mortgage and 401(k) Loan Redding CA

I have thought about taking out $50,000 out of my 401(k) to pay off my second mortgage. My thought behind this is that I will be paying myself the interest rather than the bank. I have calculated what the payment would be and can afford this. Why does this sound too good to be true? You may be able to get a better interest rate, but that's the only good thing about the idea, says the Debt Adviser.

Pagter And Miller
(714) 541-6072
525 N Cabrillo Pk Dr Ste 104
Santa Ana, CA
 
Debt Free Seminar
(818) 659-5157
321 first st
los angeles, CA
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free

Sin Mas Deudas
(619) 500-3383
317 Heffernan #10182
Calexico, CA
 
A American Debt Consolidation
(530) 343-8720
301 Broadway St
Chico, CA
 
Consumer Credit Counseling
(510) 636-9397
7677 Oakport St
Oakland, CA
 
Legal Recovery Services
(209) 529-3393
1500 Standiford Ave
Modesto, CA
 
Fresno County Federal Credit Union
(559) 252-5000
1250 Van Ness
Fresno, CA
 
Lockheed Federal Credit Union
(818) 565-2210
2340 Hollywood Way
Glendale, CA
 
Debt & Credit Solutions
(916) 437-0437
2519 Yorktown Ave
Sacramento, CA
 
Battiste Budget Management
(916) 739-1501
3112 O St
Sacramento, CA