re: SBLOC for new home

Another consideration, it may take a few days or couple weeks to set up the pledged asset line. I thought given my. Asset base and credit score it would be nearly immediate but there was a longer wait than I anticipated and it almost delayed our mortgage closing. May be easier to expedite if you have a local branch to work with. Just dont assume you can start process and have $ in hand 3-5 days later. You could always set it up and have the line of credit open if needed or when SOFR rates improve.

Also may be a minimum initial draw for Schwab I think it was $70k.