From: "jIM" 
Newsgroups: misc.invest.financial-plan
Subject: Re: 401k used as collateral
Date: Fri, 23 Feb 2007 13:44:16 -0600
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> > Do any banks/leanding companies accept 401k as loan collateral ?
>
> An independent mortgage broker would know more about how various
> wholesale lenders factor assets into their qualification and rate
> offers.  I think assets are second order to top line and bottom line
> income though, and rates dictated mostly by loan to value (if you're
> talking about mortgages) and credit score.
>

We just finished a refinance and our broker told us 401k assets were
looked at as 70% of face value for purposes of net worth.