Hi XXXXXXXXX;
It is possible but you would have to pay the taxes on any amount that you withdraw plus a penalty.
You may be able to get a second mortgage to do the improvements with. Once the improvements are done then you can have the house and property re appraised, and consolidate both loans into one.
Best advice would be to contact your bank and a financial planning expert. They mayy have other options that you can persue.
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Best regards; The Home Smithy
Jack of all trades Master of a few.
#1 Home Improvement Expert. Over 30 years experience in construction, and home repairs
I am not sure about now but when I withdrew monies from my account back in 1980 they were about 13%. So It is a significant amount.
Personally I highly recommend that you leave your 401k where it is untill you talk to a finincial planning professional.