Has anyone ever used Chase's personal line of credit? Is there any prepayment penalty or is it a good idea to use it and later withdraw your savings to fund for your home purchase? What I am missing here? TC - 360k YOE - 10 Edit - We did not get a loan nor primary mortgage as the bank wanted my employer to write that my salary will not change with relocation, which the employer could not state in writing. We are looking for options to still close our house.
Won’t your DTI ratio change if you take this loan. Also involving a hard credit check
Explored 401k loan?
Thanks, I didn't know if it involved hard credit check. Yes, I am availing 401k loan.