Full recourse mortgage

[ScroogeMcDuck]

So my net worth is 6 times what I would be looking to spend on a house, but banks still want to charge me 3.5% for a 15 year fixed. WTF? It's basically zero risk. Can't I get a full recourse mortgage, collateralized by my IB account that's worth a lot more than the house, for a much lower interest rate? And why don't they charge much lower interest rates for 40% down than for 20% down, since probability of the bank losing anything is much lower even if the housing market crashes and it goes to foreclosure.

 

[newwurldmn]

So my net worth is 6 times what I would be looking to spend on a house, but banks still want to charge me 3.5% for a 15 year fixed. WTF? It's basically zero risk. Can't I get a full recourse mortgage, collateralized by my IB account that's worth a lot more than the house, for a much lower interest rate? And why don't they charge much lower interest rates for 40% down than for 20% down, since probability of the bank losing anything is much lower even if the housing market crashes and it goes to foreclosure.

Because capital costs 3.5percent. What is the 15year swap rate? What is your credit spread to that?