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Schwab Pledge Asset Line (PAL) is SOFR + (2.40% to 4.4%). SOFR today is 4.81%.
by taxman22 2y ago
Schwab Pledge Asset Line (PAL) is SOFR + (2.40% to 4.4%). SOFR today is 4.81%.
- mixmastamyk 2y ago8ish percent is good but not fantastic, after years of mortgages lower than that.
- TMWNN 2y agoIs Schwab known for being unusually low with its rate for this product? Vanguard is 11-13%, consistent with what mixmastamyk said. <https://investor.vanguard.com/client-benefits/margin?msockid=100f2dbd312165502f483ed9306d640b https://investor.vanguard.com/client-benefits/margin?msockid...> In any case, my Amex line of credit charges 6%, and I am preapproved for an Amex personal loan for 8.98%. I presume others on HN can get comparable or better.
- JumpCrisscross 2y ago> Is Schwab known for being unusually low with its rate for this product? The Schwab rate sounds high. Fidelity, for instance, charges SOFR + 190 to 310bps [1]. I haven't had an SBLOC for a few years, but I remember Stifel charging no more than 200 bps over Libor. [1] https://www.fidelity.com/lending/securities-backed-line-of-credit https://www.fidelity.com/lending/securities-backed-line-of-c...