Looking to buy 1.2-1.5m house, so need 300k down-payment. Currently have 100k in retirement accounts plus 300k in stock with Fidelity. How do I go about borrowing down-payment money without liquidating all my stock? Which company can lend me against my assets? Should I contact Fidelity or someone else? How do such transactions typically work?
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Ps.: If your liquid asset mix is only 300k, i wouldnt buy a 1.2M house rn. Just me
Only way to borrow is against equity and earnings potential. Good luck
FYI, Only 20% down is not enough, need to show 12 month reserves to get a loan.
+ closing costs - big banks about 10 to 15k. All online banks try to trick you for 25 to 30k.