stock brokers?

Question

a friend said that you can get a home and land and even a vechile , from a stock broker and pay them back in one easy payment, and it has nothing to do with your credit. how true is this, and is he just out of his mind???

Answer 1

If you have "margin-able" securities you can take a "margin loan up to 150% of the value of these stocks. You will pay interest (around 10%). This is a fully secured loan.

If that's not what he's talking about... then he doesn't know what he's talking about.

First lesson of investing: Don't take "tips" from others.