Category: Pledged Assets

PLEDGED ASSETS TO LENDER

Are you considering buying a home and using liquidated monies from stock investment accounts? You may feel conflicted because you want to make a large down payment to get a better interest rate, but do not want to sell the assets in your investment accounts and pay taxes on any gains. By pledging the assets to the lender, you’ll will be able to keep money in the market and be given credit for a large down payment. Example, a couple is looking to purchase a $700,000 home, and want a conforming loan amount of $400,000 to take advantage of the...

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