For every 250k asset that you can move, you can get 0.125 rebate on mortgage rate. This is for wells fargo. This maxes out at 1 million. Got a 0.625 percent discount recently this way
Can you elaborate? Asset can be from money that I saved for downpayment too? Or you transfer from 401k to wellsfargo to get 5% rate?
Assets can include 401k that can be moved but definitely not down payment. After the down payment, and until the point your loan closes you need to move assets under them. Similar to Citibank too
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It’s very difficult to get loans secured by a tax advantages account as those are generally protected against lenders more so than other accounts. Your brokerage account can be used as collateral. If you’re familiar with the risks, a box spread has lower rates than a mortgage.