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Follow up loan from 403b question

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jerseygrrl1976 Joined: 24 Mar 2010 Posts: 2 1.00 Dollars($)	Posted: Thu Mar 25, 2010 7:03 am    Post subject: Follow up loan from 403b question Like 0 Dislike 0 Thanks Adonis. I was on my 403b's website (Nationwide) and it is asking about outside assets - the only outside asset I have is my home and it has no equity due to the current housing slump (lost about $40k in equity almost overnight!). Or is the outside asset considered my actual 403b balance? That would be about $52k. I notice if I punch in $52k in outside assets it tells me I can borrow up to $50k, which I will not do (I am looking for about a $15k loan). If I put in $0 for assets, it says I cannot borrow anything. I guess I could call Nationwide, but was just curious if anyone had any insight. Thanks!
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Thu Mar 25, 2010 10:35 pm    Post subject: Like 0 Dislike 0 Hi jerseygrrl, I would suggest you to have a word with Nationwide and they will help you in clarifying the issue. They will let you know what you need to include as your outside asset. Thanks

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