Megan
Region: US
Sunday 14 June 2026 20:56:38 GMT
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user5437088240292 :
Do the Home Equity Loan and continue paying $360 a month
2026-06-14 21:12:47
194
LaureLand :
I would take it … but pay the amount you were paying ($300 something) originally. So you can get it paid down faster.
2026-06-14 21:07:02
390
charlotte :
You cannot compare the interest rates, the interest paid on the 401k loan goes to you! Do not recommend the HELOC route. It will cost you a lot more and in the end you may lose momentum.
2026-06-14 21:36:37
117
Tiara L. Mays-Sims, MBA :
Absolutely not!!! I love your content girl but a 401k is basically paying yourself back. I personally wouldn’t even rush that if I didn’t need to. But don’t take on actual debt…for a 401k loan that is literally going back into your 401k. Including the interest.
2026-06-14 22:46:36
48
StephieH :
Dont tie this to your home.
2026-06-14 23:01:22
29
Chrissie Elisabet :
I've done this for consolidation. Absolutely didn't regret it.
2026-06-14 21:05:56
96
Dalia :
The key point here is that the interest rate you are paying on the 401(k) loan is basically going to you not to a Bank that alone would keep me from doing the HELOC loan option but whatever you decide good luck
2026-06-15 15:03:43
7
Angela :
umm, there seems to be confusion on what a 401k loan is vs what a heloc is. 401k you are paying yourself. you also borrowered against yourself. a heloc you are borrowing from a bank and paying a bank. a heloc would be CRAZY in your situation.
2026-06-17 03:43:42
7
kjohnson0220 :
Do not rob Peter to pay Paul!! Your 401k is paying YOURSELF back. If you want it paid off faster, start budgeting and finding ways to squirrel away extra money to eventually pay it in full. Put all your extra money in a high yield savings account and you’ll make money on your money to add to your payment!! It’s not a huge amount, but it’s basically free money. The growth will be taxable income, though.
2026-06-15 00:34:13
27
♡Lia♡ :
401K loans are paying yourself back. HELOC is tied to your home. Do you want to pay yourself back? Or a bank?
2026-06-14 21:36:32
7
ouch :
Keep the lower interest rate! Put the cash into a HYSA until you have enough to cover the payment so your money works for you.
2026-06-14 21:07:20
58
Laura Morgan 1123 :
I would pay off the 401k loans, it would weigh on me too much with the risk of job loss etc.
2026-06-15 00:45:25
21
Bobbi Jo Wipperling :
Girl idk but I need your hair formula bc that is IT
2026-06-16 01:08:42
10
Jennifer Hensley981 :
I would leave the loan with your 401k. You might be paying interest but you are paying it back to yourself and not to a bank
2026-06-15 14:42:50
8
Shelleonabudget💸 :
Take it and put that $160 per month extra towards it 💰
2026-06-15 12:32:33
6
Libby :
The interest on the HELOC might be deductible on your income taxes. I would do the HELOC and keep paying the $360 toward it and not the 401k loans.
2026-06-14 21:41:16
6
karmalysium 🇨🇦 :
I'm going to agree with Charlotte's comment about how the interest on the 401k loan goes back to you where it does not with the HELOC. Is it possible to get the HELOC without using it for the 401k loan? That way if you needed to pay off the loan in case of job loss, it would be there for that purpose.
2026-06-14 21:59:10
10
Christi :
pay off the 401k loans. don’t tie this to your house. pay it off sooner if you can. are you 100% sure they’re tied to his job? i have loans & they are not. the 401k interest is being paid to yourself.
2026-06-14 22:09:58
13
Jess🫶🏽 | Budgeting & Finance :
If you can pay off this $20k in less than 6-12months. I honestly would leave it as it is. If it’s going to take longer than 12 months consider the 401k loan.
2026-06-15 01:19:58
11
emmmy794 :
Currently applying for a heloc to consolidate and pay off all of our revolving debt. I say do it!
2026-06-14 21:37:31
6
mamaraab04 :
Do the equity line…you can claim
2026-06-14 21:15:22
5
Sassy….Kim :
You are paying the interest to yourself on the 401k loans. Why would you pay interest to someone else
2026-06-15 01:06:38
6
hi :
what are the fees to do this transaction
2026-06-14 21:12:34
9
Marlee Lane :
that 210 is interest only. So if you’re planning on doing it then refinance and tie it into your home
2026-06-14 21:59:06
21
Lisa Bell :
I would pay off the 401(k) loans with the home equity loan right now when you borrow against your 401(k), you’re not earning any money on the amount that you borrowed against just my understanding so in the long run once you get that 401(k) loan paid off you’re gonna be earning more money towards your retirement
2026-06-14 21:20:02
13
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