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It is not worth risking your credit rating for such a small amount. 100 Online Application.
I don't believe in them so I know for a fact this is a scam. Same middle-eastern accent as listed in the posts above. Terrible, terrible attitude. A meek person would break down under the durress of these phone calls. My question is this: What is my recourse as far as the harrassing phone calls at work and home. Yeah. I got one a few hours ago. saying exactly what they needed to to try and scare a half asleep person.
Ideally you wont have to actually move any money out for your 401ks, instead just use it as proof of reserves. Your broker should know best how to structure the loan knowing who has what assets available. Not sure why you would want to mess with your retirement to pay your insurance bill. Maybe theres a better way to get cash, such as a lender credit to pay for someall of the closing costs in exchange for a slightly higher mortgage rate.
Colin, I have no debt, hence no credit score. My husband has no debt but still has a credit score of 746. We are building a new 328,000 home and have been pre-approval. I make 86,000 a year husband 77,610. We have 20 down plus 7,000 closing costs in our joint checking but this will deplete our savings MM.