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When you apply for a mortgage they ask you to show all your assets regardless of how liquid they are. Having a high value brokerage account is a huge plus since
by hparadiz 3y ago
When you apply for a mortgage they ask you to show all your assets regardless of how liquid they are. Having a high value brokerage account is a huge plus since they can go after it in the event of a foreclosure.
- jncfhnb 3y agoMortgages are generally not full recourse, meaning they can’t do that. The collateral is the house, not your assets.