u/MelodyPond73

Had a major foundation issue discovered on our house. We have to fix it and it will run around $40k. Looking to take a loan for some of that from the TSP as opposed to a home equity loan or other forms of debt. We can still put the same amount per month into the TSP as we are now and will take the 5 year term but plan to pay it off in just over a year. Am I missing anything that would make this a bad idea? We need the cash now and this seems safer than possibly predatory loans or other options where the interest is higher and will just be lost.. Looking for any advice or info about the TSP loans!