Question: I am trying to borrow 50,000 from a 401K but they will onlydo payments for 5years instead of 10.  Why? I am trying to purchase a new home with this money

Answer: because you're not over 59 1/2 years old.\n\nif you don't meet that criteria, it's solely the decision of your 401k provider that can dictate terms of early withdrawals.
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