Residential loan


Q. I have a TSP residential loan. I sold the property associated with that loan and bought a new one. Am I obligated to pay back the loan all in one lump sum now, or may I simply continue making the payments, in effect switching out the primary property with which the loan is associated?
A. The loan was for the purchase of property, which is what it was used to do, and I know of no requirement to maintain the property after that. You may continue to make your payments until the loan has been repaid.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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