Advancing the Timeline for Sizable Home Renovations
A family shared with their advisor their desire to upgrade their
primary residence and also begin renovations on a second
home. While exploring home equity financing, they realized
that given their current levels of home equity, the timeline for these
projects was still years away. They started considering the option
of liquidating some of their investments to finance the projects.
Their financial advisor introduced an alternative thought—a
TriState Capital securities-based line of credit (SBLOC). Unlike
home equity lines of credit (HELOCs) that rely on current home
value, an SBLOC would use their non-qualified investment portfolio
as collateral, offering them immediate access to cash while
keeping their assets invested.
