Recently bought our dream house on a few acres. The house is very outdated and needs major updating. We planned ahead and have cash from my yearly bonus payout in March. We are also currently under contract selling our current home and plan to put the proceeds towards the remodel/rebuild. We still need about ~$150k to pay for the project.

Most my positions in my brokerage are long term holds with all positive gains. I've used some sensitivity calcs on tax hits for 2026 and reached out to a few loan options like HELOC and even personal. My credit score is north of 750 but still can't get lower than 6.5%. I've also talked to my GC about getting him payment after a refinance when the work is done in the Fall. He says he is fine with that but only about $50k due to needing to pay his guys, interest rates, and of course appraisal value.

TLDR; any options out there I am missing? Are their Aggie sponsored programs for opportunities like this? My yearly bonus is ~$45k net but pays out every March. I do have the available liquidity in my brokerage but rather save the tax hit and not reduce my account that much if possible.

TIA!

You can ask your broker if they offer security backed lines of credit (SBLOC) which will let you get loan backed by your stock shares so you can avoid selling them then you can pay back the SBLOC once your current house sells.

Does that work if you have the brokerage split? I have literally about half in Chase and half in Schwab

tukAg10 said:

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Does that work if you have the brokerage split? I have literally about half in Chase and half in Schwab

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When you set the loan up they need the shares put into a new account they control so who ever you get the loan from will want to sweep enough shares into that account to have enough value protect the loan they are giving you. They will usually lend 50-60% of the share value you pledge, often times they are interest only and you don't even need to make payments, they just roll the interest into the loan amount.

I.e. if you pledge $400k in shares they give you a line of credit of 200k, you use 150k for your project and the $1k of interest you owe every month will just increase your debt balance, so after one month your balance will be 151k. As long as the share balance stays within your margin maintenance range you don't get called, but if the market tanks they might sell your shares at the low point so there is some risk.

Awesome, I will reach out to Schwab about this option!