Instructions

1

Ask your plan administrator if they allow for hardship withdrawals to pay mortgages. If your plan has a provision for elective deferrals then you may be able to withdraw the money, but it will be based on the plan's regulations. A retirement plan does not have to have an early withdrawal provision and if it does, it may have specific reasons why you can withdraw the money, such as medical or funeral expenses.
2

Provide the plan administrator with the paperwork necessary to obtain the hardship withdrawal. Each plan will differ according to what proof of hardship they require. However, you usually don't have to provide proof of income. In some cases, you may just have to state in writing that you are experiencing a financial hardship.
3

Wait for the check to arrive. How long you have to wait depends on where the plan administrator is and the plan's approximate processing time. You may have to wait anywhere from a few days to a few weeks.
4

Deposit the check into your bank and then make a check payable to your note holder.