Converted and mortgage payment

[Bkman2]

[researchnerd]

If you can pay it on the 10th, it's still before the late date. They might charge you a late fee, but otherwise I wouldn't worry about it, especially if you've never been late before. IMO a 401k loan would complicate things unnecessarily.

BTW, keep us posted on your conversion! I'll be doing the same thing next week.

[SMinGA]

If no late fee until after the 15th: paying on the 10th should be fine.

There are probably fees involved to issue a 401k loan.

[justbroke]

Do not get a 401(K) loan just to cover the mortgage payment for a few days. While it may be technically late after 15 days, it's not reportable until day 31.