Access ID:


Home Loan was started to help our customers achieve their goals, and we're proud of our track record. But don't take our word for it. Here's what some of our customers have to say:

"Working with Mario [Loan Originator] at Home Loan Investment Bank made the often rocky road of refinancing smooth and almost easy. Once we sent our information to Mario he reviewed it quickly, and promptly let us know if anything was missing. We were in Arizona, the property we were refinancing was in Maine, and Mario was in Rhode Island, but working with Mario was like working with a next door neighbor!"

– Dave M.

 "In this day and age, it is rare to find true kindness, consideration and courtesy. Emily [Loan Originator] was all of those things and more. I just wanted you, her manager, to know what a really excellent job she did for us. Thank you.

– D. Gayle & Robert W.

"This is just to thank you for all of your help. We finally closed on the houses! Please know that we are very thankful to you for helping us achieve a 'new' dream in America. My husband came to America 18 years ago with one dollar in his pocket and now he owns three houses... thanks to Home Loan Bank."

– Carolina B.

"Thanks to Kristin [Loan Originator] and your bank loan, this New Year is certainly looking brighter for me and my children. I know that I am one of the many thousands of people your bank deals with on a daily basis, but I never felt like a number or an account."

– Maggie C.

"I am writing to thank your for the opportunity for us to finally bring our previously high mortgage rate down. Due to financial difficulties over the past several years, until now we have been unable to do so. The opportunity your institution has made available for us is making all the difference in us securing our financial future."

– Karen T.

 "Thank you so much for all your help on our recent loan. Your professionalism, knowledge and great customer services made it all happen."

 – Frank and Eileen S.

"I closed on a home refinance with Home Loan Investment Bank in May. Mario [Loan Originator] made the process easy and painless. Mario and Home Loan were great to work with. It was just like your neighborhood bank on the phone and over email, and they were always available to move the process forward. This was truly a once in a lifetime refinance opportunity. I have the same monthly payment for a 15 year fixed mortgage versus my old 30 year fixed mortgage. Thank you. "

– Nils M.

"Thank you for superior professionalism and just plain human compassion throughout my refinancing process."

– Sonja S.

"I have been a Real Estate Broker for over 24 years, dealt with a lot of banks, bankers and brokers and I have never been treated so kindly."

– Evelyn B.

"Lance [Loan Originator] was extremely helpful, answered all of our questions promptly, whether asked by phone or fax, and his attention to detail and follow up were commendable. It may be a level of excellence that you expect from all of your agents, but we found it exceptional and worthy of comment."

– Harold S.

"We have told other people about the great way we were treated and about the smooth refinancing experience your company and Emily [Loan Originator] provided and have referred them all to you for help in refinancing their home."

–Gay and John B.

Facebook  Twitter


When you're in need of money, borrowing from a retirement account like a 401(k) might seem like a good idea, especially if your retirement years are a long way away.  

While consolidating debt or paying off debt entirely is a positive move, borrowing money from your retirement accounts, especially if you have current issues with credit, should be a last resort. Here are just a few of the reasons why:

  • When you take money out of your 401(k), that money cannot earn interest and you lose out on the opportunity to earn more money. This loss is sometimes called the "opportunity cost".
  • There is no tax benefit. When you pay back a 401(k) loan, the money you are using to pay it back has already been taxed (through income taxes). You'll be taxed again when you cash in the 401(k) for retirement.
  • If you don't repay the loan within 5 years (or between 10 and 30 years if the money was used to buy a home) you will owe federal and state income taxes plus a 10% penalty if you are under the age of 59 ½.
  • If you quit or lose your job before paying back the money, you only have one or two months to pay it back.
  • Unlike home equity loans, you cannot take a tax deduction for the interest you pay on a 401(k) loan.

Instead of borrowing against your future, you may want to consider talking to a credit counselor. If you own a home, a home equity loan or line of credit is a potential option. Don't borrow against your future if you can avoid it – doing so may end up compromising your quality of life when you're older.