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Second Mortgage and 401(k) Loan Visalia 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.

Consumer Credit Counseling Service
(415) 788-0288
595 Market Street, 15th Floor
San Francisco, CA
 
Credit Fix Now
(714) 558-1000
1850 E 17th St
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Bell Scott R - Attorney At Law
(661) 322-9500
1706 Chester Ave #402
Bakersfield, CA
 
Credit Card Debt Consolidation
(435) 250-3416
443 Van Ness Ave
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Creditcom
(415) 646-0000
690 5th St
San Francisco, CA
 
Consumer Debt Group Inc.
(415) 546-1128
350 Townsend St Ste 308
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We The People
(209) 523-8227
1347 Mchenry Ave
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Stanislaus Credit Control Service
(209) 523-1813
914 14th St
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Credit Bureau Services
(530) 673-5050
589 East Ave
Chico, CA
 
Sin Mas Deudas
(619) 500-3383
317 Heffernan #10182
Calexico, CA