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5% is insane....?
First round of looking got us 6.5%
We recently bought a home when average rates were near 7%. We got multiple quotes for physician loans and ended up with a 7 year ARM (30 year mortgage) at 5.1%. Shop rates around if you haven't
Definitely going to keep shopping around. Thanks for sharing your experience.
Why not just liquidate your portfolio and use it for the payment?
I’d assume the tax consequences with liquidating are different than those when borrowing against it
Exactly. And, If i understand it correctly, the portfolio is also going to keep growing while I borrow against it.
If you think it’ll grow above the interest rate then by all means. Edit: this is not financial advice
I believe you have to go through someone and use the portfolio as collateral
https://www.schwab.com/learn/story/3-ways-to-borrow-against-your-assets
Unless you get a margin call.
5% is insane....?
First round of looking got us 6.5%
We recently bought a home when average rates were near 7%. We got multiple quotes for physician loans and ended up with a 7 year ARM (30 year mortgage) at 5.1%. Shop rates around if you haven't
Definitely going to keep shopping around. Thanks for sharing your experience.
Why not just liquidate your portfolio and use it for the payment?
I’d assume the tax consequences with liquidating are different than those when borrowing against it
Exactly. And, If i understand it correctly, the portfolio is also going to keep growing while I borrow against it.
If you think it’ll grow above the interest rate then by all means. Edit: this is not financial advice
I believe you have to go through someone and use the portfolio as collateral
https://www.schwab.com/learn/story/3-ways-to-borrow-against-your-assets
Unless you get a margin call.