Applying for an Investment Account Loan

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When taking a loan out on an investment, generally those loans are secured by the investment itself. Borrow 50 percent to 100 percent of an investment account's value with help from a financial specialist in this free video on loans and money management.

Part of the Video Series: Loan Information
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Video Transcript

Hi, this is Matt McKillen with Innovative Financial Group. The question posed to me today is 'how do you apply for an investment account loan?'. Well generally, when you're taking a loan out on an investment... now this could be stocks that you have with a securities trader... it could be CDs that you have with your local bank... generally those loans are actually secured by the investment itself. My experience in the past has shown that most people can generally borrow a minimum of fifty percent, upwards to a hundred percent, of the value of their investment account, and the loan is really collateralized by that investment account. So, whoever is funding that loan is really not taking a risk. So, for example, if let's say you had a hundred thousand dollars in an IRA or CD at your bank. You could probably just walk into the bank and say 'I would like to take a fifty thousand dollar loan' and secure it by that investment. So, if for any reason there was ever a default on that loan, the bank knows you have the cash and the resources to repay that loan back. Again, my name is Matt McKillen, I'm with Innovative Financial Group.

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