Qualifying assets are derived from Schwab brokerage and Schwab Bank combined …

Qualifying assets are derived from Schwab brokerage and Schwab Bank combined …

Qualifying assets depend on Schwab brokerage and Schwab Bank combined account balances, including: a) Brokerage accounts when the borrower(s) is definitely an owner, custodian or trustee; b) Traditional, Roth, and Rollover Individual pension records (IRA)* – individually owned or inherited. (academic & Custodial IRAs aren’t qualified); c) Bank records where the borrower(s) can be an owner or trustee: checking & savings; d) Non-Retirement company Corporation, LLC, Partnership and Sole Proprietorship records can be qualified with regards to the borrower’s part. (Excluding Business Retirement records such as for example Simple IRA, SEP IRA & Pension Trust).

*Clients of Independent Investment Advisors: IRA account balance eligibility is certainly not readily available for consumers of separate investment advisors. Qualifying assets are derived from Schwab and Schwab Bank combined account that is non-retirement. For extra details please visit and log into www.schwaballiance.com

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