2) Expenses downpayment which have margin financing playing with Entertaining Agents: Entertaining Agents provides it sweet margin mortgage solution which have step 1.59% up to 100K, and you will step one.09% to have more than 100K. I am nearly fully invested in stock exchange, and i also should not sell, thus i want to make use of margin financing (say import 400K so you can IBKR, in which case might lend me 200K, in fact it is perfect for 20% down payment regarding an excellent 1M house). Has actually people tried which? We advised so it in order to BoFa home loan professional, and he told you “we need to be aware of the terms (years / interest off commission schedule of one’s margin mortgage) to accept our very own loan together with your deposit reduced thru IBKR margin loan”. How does BoFa care where deposit arises from?

Enjoys someone done so, just take a mortgage from a lender otherwise borrowing commitment, and work out the fresh new down-payment via good margin mortgage off IBKR?

3)Prequalification: Whenever really does prequalification occurs? What more create I would like, and then make better accessibility ninety-date months immediately after my personal prequalification? Continua a leggere