Can i get prequalification and you may mortgage software accepted a similar date?

2) Purchasing deposit with margin financing using Entertaining Brokers: Interactive Brokers provides that it sweet margin financing option with step one.59% up to 100K, and you will step 1.09% to own a lot more than 100K. I am nearly fully dedicated to stock exchange, and i also don’t want to offer, therefore i want to use margin financing (say transfer 400K so you can IBKR, whereby they are going to provide myself 200K, that is best for 20% down payment out-of an effective 1M house). Enjoys anyone attempted that it? I informed so it so you can BoFa home loan expert, and he told you “we have to know the conditions (years / rate of interest off percentage plan of one’s margin financing) in order to accept our own loan together with your deposit reduced through IBKR margin loan”. How does BoFa worry where down payment is inspired by?

Have some one done this, just take home financing regarding a financial or borrowing connection, and also make new advance payment through a good margin mortgage from IBKR?