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Would mortgage lenders allow this? I was under the impression that they trace the origin of the down payment for this reason (to prevent it from originating fro
by iancarroll 5y ago
Would mortgage lenders allow this? I was under the impression that they trace the origin of the down payment for this reason (to prevent it from originating from another riskier loan), but I have no expertise here.
- bombcar 5y agoOne trick is to go to margin with your broker: 1. Transfer $500k in stock to TD Ameritrade (a stock transfer is not a sale/buy so it's not taxed) 2. Withdrawal $100k without selling anything (now you're $100k into margin. 3. Wait about 6 months. 4. Now you can use that as a down payment, and they'll just consider your margin balance as part of your overall debt picture.