Can a line of credit fund be used to buy securities?

Please note: Line of credit funds cannot be used to purchase securities. Collateral: Use a wide array of nonretirement assets as collateral, including individual stocks and bonds, mutual funds, ETFs, or cash in your core position. Interest payments: You only make a monthly interest payment if you draw on the line of credit.

What is a securities-based line of credit?

A securities-based line of credit helps you to meet your liquidity needs by unlocking the value of your investments without selling them. This type of borrowing may be more flexible and easier to establish than other choices. It depends on whether you have sufficient eligible securities to use as collateral.

What is a line of credit & how does it work?

With rates from 7.846% - 10.896% variable APR, you can borrow against eligible brokerage accounts with $50,000 or more in combined collateral value to access cash without liquidating securities. 1,2,3,4 What is a Line of Credit? It's a flexible source of ready cash for virtually any personal or business financing need.*