How To Get A 401K Loan? 
That is a great answer ! One of the nice things about having a 401k is that ability to borrow from it . You will need to get with your plan administrator and request the loan forms that you will need to complete and return . A word of warning , though . Borrowing from your 401k has some danger . Should you lose your job for any reason , that balance borrowed very quickly becomes due in full . You can also slow the growth of your funds , which can have a huge impact on the long term growth and payout of your fund . While the money in the fund is an option , it may not be your best one . Please speak to your advisor first , okay ? If you do n't have one , you can contact me , I 'll help if you 'd like . Thanks for asking ! 