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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.

Cunningham & Lansden Attys At Law
(209) 523-1771
515 13th Street
Modesto, CA
 
Commercial Business Credit Llc
(408) 278-1117
871 Park Ave
San Jose, CA
 
Richard L. Poland
(562) 437-6418
333 W. Broadway Ste 200
Long Beach, CA
 
AAA Debt Counseling
(310) 441-9081
1800 Parnell Ave
West Hollywood, CA
 
Consumer Credit Counseling
(213) 353-9240
1315 W 7th St
West Hollywood, CA
 
Bydesign Financial Solutions
(800) 750-2227
2291 W March Ln
Stockton, CA
 
Battiste Budget Management
(916) 739-1501
3112 O St
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Wolfe David B
(951) 682-4130
6911 Magnolia Ave
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Bankruptcy Service Gold And Hammes
(408) 297-8750
1570 The Alameda Ste 223
San Jose, CA
 
Creditcom
(415) 646-0000
690 5th St
San Francisco, CA