How long does it take to obtain a loan from your 403 plan to

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Icon Mini Profile kelleymary





Joined: 21 Aug 2008

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Post Posted: Thu Aug 21, 2008 9:18 pm    Post subject: How long does it take to obtain a loan from your 403 plan to
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How long does it take to obtain a loan from your 403 plan to buy a home? I want to buy a home and need additional money. How long does it take to get a loan from my 403B plan?
Icon Mini Profile larry





Joined: 27 Jun 2007

Posts: 3322

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Post Posted: Fri Aug 22, 2008 3:26 am    Post subject:
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Hi kelleymary ,

Welcome to the forum. If you cash to buy a property then borrowing from 403b is not a very bad option. Actually you are borrowing from your own pocket. You need not to go through a credit checking also. It doesn't take even much time. If you are planning for a Loan from 403(b) account then take a look at http://www.mortgagefit.com/401k-403b-loans.html

Feel free to ask if you have any further questions.

Best of luck,
Larry
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