@John95 wrote:
Hi,
I am interested in taking a stock secured loan from first tech. I use Robinhood. My questions are can I sell my stocks after I take out the loan or First Tech will keep me from selling my stocks and freeze ny stock portfolio?
And since I am using a stock secured loan, to get the 75% loan of my stock value, are they gonna consider the income or it is irrelevant here?
Thank you!
hi @John95 ,
They will most likely use your stock as collateral.
Also they would most likely take into consideration, your income as a basis to repay the loan.
Good Luck!
