Should i get prequalification and you will home loan application approved an equivalent big date?

Should i get prequalification and you will home loan application approved an equivalent big date?

2) Using down-payment which have margin financing playing with Entertaining Agents: Interactive Brokers provides so it nice margin financing solution which have step one.59% up until 100K, and you can step 1.09% to own a lot more than 100K. I’m nearly completely purchased stock-exchange, and i also don’t want to offer, thus i want to make use of margin mortgage (state import 400K so you’re able to IBKR, in which case they will certainly provide me 200K, in fact it is best for 20% advance payment out of an effective 1M house). Features anyone tried so it? We informed it to help you BoFa mortgage pro, and he said « we must understand the conditions (stage / interest rate away from fee schedule of margin loan) to help you approve our own financing with your down payment paid back through IBKR margin loan ». Lire la suite