You'll want to utilize the SMARTEST option available.
Posted by Reinstatement Services, Inc. on November 24, 2004 at 10:37:43:In Reply to: Re: Workout posted by Linda on November 24, 2004 at 10:29:38:
Certainly fully reinstating the loan will make all of the headache go away in one fail swoop. But, if an opportunity presents where you could accomplish your goals [to keep your home] and keep your 401 safely tucked away...why not?
You can accomplish this with a workout from your lender. You're on the right track. Just stay focused, persistent, and aware of the time lines.
Why take a penalty and tax hit from a 401 withdrawal when you don't have to?
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Comments:: Certainly fully reinstating the loan will make all of the headache go away in one fail swoop. But, if an opportunity presents where you could accomplish your goals [to keep your home] and keep your 401 safely tucked away...why not? : You can accomplish this with a workout from your lender. You're on the right track. Just stay focused, persistent, and aware of the time lines. : Why take a penalty and tax hit from a 401 withdrawal when you don't have to? Optional Link URL : Link Title :
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