Just wondering if I could apply for a home loan then use the proceeds to purchase stock . I know that this is an unconventional approach but I don’t own property so I am unable to apply for additional equity . If I was to apply for a home loan I guess the bank would require proof of purchase documents and details to confirm that the funds were being used to purchase property . Also if the bank did find out that the proceeds were used to purchase stock instead of property what action would they take in that regard . Applying for a personal loan to obtain funding would defeat the purpose as the interest rates are too high so I am investigating any other means to acquire funds , any ideas appreciated
Be the first to comment