7 ms·
A 3% Mortgage? Leveraging Your Stocks to Buy a Home
- babelfish 4y agohttps://archive.ph/6znAc https://archive.ph/6znAc
- Bostonian 4y agoIt's not necessarily bad, but margin rates float and should be compared with rates on ARMs, not fixed-rate mortgages. Furthermore, one you get the mortage, the bank cannot call in your loan just because the value of the house falls. Brokers will call in a margin loan if the value of stocks falls far enough.
- pexabit 4y agoThe real thing to do would be leveraging your owned home to buy stocks to bypass the limit on the mortgage interest deduction. (You have to do it this way - the IRS doesn't care that money is fungible)
- blinded 4y agoIf you park a million in cash in the bank they can give you that rate too