Margin Account used as Collateral for Property Purchasing - Canada

Discussion in 'Personal Finance' started by Allegiance, Oct 18, 2017.

  1. Allegiance

    Allegiance Member

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    Does anyone have experience using a margin account as collateral for the purchasing of property, or as a collateral loan in general?

    I have been offered one at a fairly good interest rate as compared to a mortgage (which is unavailable to me because the land is undeveloped) and / or unsecured line of credit.

    How has your experience been? // Do you have any 'risk' advice? or advice in general.

    Thanks,
     

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