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<p>[QUOTE=&quot;Garlicus, post: 2757446, member: 73190&quot;]Don&#039;t do it. Get out of debt first, then save enough for a 20% down payment.</p><p><br /></p><p>Never touch your 401(k) until you retire!!! You can suspend contributions while you are saving that 20% down payment, though.</p><p><br /></p><p>Truth be told, I cashed out my 401(k) and used the ~$12k I had in it, for my down payment, which was only 10%. That 401(k) was from a previous employer, and I built that up in my new employers account in the following 3 years. Do I regret doing that? No.</p><p><br /></p><p>That was 18 years ago, though. And, I made sure that I didn&#039;t buy more house than I could afford working at McDonalds, should I lose my job and it came to that. Of course, that was a 30 year mortgage with lower monthly payments, which I definitely do not recommend. Get a 15 year, which I subsequently refi&#039;d into.[/QUOTE]</p><p><br /></p>

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