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<blockquote data-quote="retired" data-source="post: 141501"><p>FYI Slothrop,</p><p> </p><p>You are misinformed that all hypo loans are now margin loans.</p><p> </p><p>I actually have 2 lines of credit, 1 is a margin line with Charles Schwab and the other is a hypo loan with B of A. The interest rate on the hypo loan is a much lower rate than a margin loan. According to my financial advisor using money from the hypo loan is actually cheaper than paying cash if you calculate the dividends, my tax rate and inflation. In my situation the margin line goes unused but is there just in case of emergency. The margin line has a more liberal 70% LTV (loan to value) while the hypo loan is at 60%.</p><p> </p><p>I'm not sure if you are getting bad information or if you are just making stuff up. Either way you are wrong.</p></blockquote><p></p>
[QUOTE="retired, post: 141501"] FYI Slothrop, You are misinformed that all hypo loans are now margin loans. I actually have 2 lines of credit, 1 is a margin line with Charles Schwab and the other is a hypo loan with B of A. The interest rate on the hypo loan is a much lower rate than a margin loan. According to my financial advisor using money from the hypo loan is actually cheaper than paying cash if you calculate the dividends, my tax rate and inflation. In my situation the margin line goes unused but is there just in case of emergency. The margin line has a more liberal 70% LTV (loan to value) while the hypo loan is at 60%. I'm not sure if you are getting bad information or if you are just making stuff up. Either way you are wrong. [/QUOTE]
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