Inspite of the highest interest rate, your house collateral financing now offers John all the way down monthly installments and you can does not disrupt his retirement savings Household collateral mortgage: 8.5% fixed speed, 15-seasons label, $494 payment 401(k) loan: nine.5% repaired rate, 5-12 months label, $step one,049 monthly payment Yet not, the fresh 401(k) […]