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Stock Loans – Clarifications and how does it work for Sunny Isles Real Estate

By
Real Estate Agent with ONE Sotheby's International Realty

Sunny Isles Miami Real Estate

Here is some great information for Sunny Isles Miami home buyers. Non-recourse Stock Loans by definition are loans against the value of a stock or portfolio of stocks, bonds, mutual funds, t-bills, whereby the owner can borrow in some cases up to 90% of the stock value or the portfolio’s market value “without selling the shares”. Like a Sunny Isles Miami home equity loan for stocks but much better, because you borrow against the value of the portfolio, pay a below prime fixed interest rate for the term of the loan. (Adjustable rates are also available) . At the term end you either pay off the loan, refinance, or renew the loan.

 

Buying Sunny Isles Miami Homes For Sale

A term sheet is issued within 48 hours and upon agreement between borrower and lender, closing can take place between 5 and 7 days. If you are getting ready to search Miami area homes for sale, or thinking of buying Miami area real estate soon, for more information please contact Leon Belenky at 954-560-7802.