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.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE,