The annual fee on my Merrill Lynch CMA is $100. If you have enough stock, you can take a margin loan and use it to pay for your house. I did this a while back and got a 6.25% rate. The problem is that you can only tax-deduct interest on a margin loan up to the amount of your investment income. That was OK--I payed off a higher rate mortgage and got a better one in a few months.
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