An update: my advisor didn’t point to the exact paragraph when I asked but said it was “an internal guidance” that they couldn’t/didn’t want to do that.
The problem is not whether another 3a provider accepts the pledge, they all want to earn the interest. The problem is that my current 3a provider is reluctant to release the pledge.
Should I just leave it as is at this moment?
The next step would be e.g.
Just calculate if it’s really worth it to go through that hassle or if there is not another way to make more money for yourself, like taking a class to advance your career or get a better paying job.
Be pragmatic, is my advice.
Thanks for the advice. I don’t want the hassle. It’s probably not really worth it at this point. One thing I do know is that I will not do the second mortgage with the same bank ever again. At this point, it’s not really about the money. I think the advisor didn’t want to lose me is because the commission received is tied to my mortgage. The longer my mortgage stays, the more they earn. That’s my guess.