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Other Borrowing Approaches
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Introduction
Other Borrowing Approaches
Introduction
Borrowing from Your 401(k) Plan
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Introduction
If you are not a homeowner or don't have enough equity in your home from which to borrow, or you simply don't want to tap into any home-equity you may have, there are a number of other approaches you can take to borrow money. Borrowing sources include retirement accounts (such as 401(k) plans), stock brokerage firms, life insurance loans, business loans, personal loans, and borrowing from relatives or friends.
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