<prompt> Human: So I have been renting this house for about a year and the owners are eager to sell so they can bankroll it into the house they are building. Our lease is up in the summer, and I doubt they would let us renew. My credit is so-so, I will update with a credit score as I havent checked it in a while. I have a reasonable amount of debt 10k or so, am married, have kids. I really need to know what I should do first. I have a loan option on my 401K that I could use as a down payment, as I dont have a savings I know I am breaking a cardinal rule. Is that an option? I also thought of using the loan to pay off debt, then use money that has been allocated to bills to get a savings up real quick. If I dont buy that one I am willing to buy another but I really want to avoid moving into another rental and then moving again into our purchase. Any and all advice is appreciated. I have been lurking here for a while and I see a lot of great advice. Also, if you need any more info just ask. Thanks.  <response>: You cant afford the house. If you take a 401k loan and lose your job, you generally need to repay the entire sum within 60 days or else its an early distribution. In your current condition, thatd break you. 