Must i rating prequalification and you will financial application acknowledged a comparable day?
2) Investing down payment with margin mortgage using Interactive Agents: Entertaining Agents has which sweet margin mortgage alternative with step one.59% up to 100K, and step one.09% getting a lot more than 100K. I’m almost totally committed to stock exchange, and that i should not promote, therefore i desire to use margin loan (state transfer 400K in order to IBKR, whereby might lend me personally 200K, that is best for 20% down payment out of an excellent 1M house). Provides individuals experimented with which? We informed which so you can BoFa financial expert, and he told you “we should instead understand the terms and conditions (years / rate of interest out of percentage plan of the margin loan) so you’re able to accept our own mortgage together with your deposit paid thru IBKR margin mortgage”. Why does BoFa worry where in fact the deposit originates from?
Enjoys someone done this, simply take home financing out-of a bank otherwise credit connection, and make the newest downpayment through a beneficial margin financing of IBKR?
3)Prequalification: Whenever does prequalification happen? Just what otherwise manage I want, and also make finest entry to 90-date months shortly after my personal prequalification? Read More