Posted on: 02nd Mar, 2010 03:23 pm
How long do i have to own the land to use it as collateral?
Hi Dmusicflav,
The seasoning requirements for a loan do vary from lender to lender. Some require you to own the property for at least 6 months before offering you a loan, while others do not have any such requirements. But for most of the lenders the 6 month seasoning requirement is necessary. Contact some lenders and check out if they have any such requirements.
The seasoning requirements for a loan do vary from lender to lender. Some require you to own the property for at least 6 months before offering you a loan, while others do not have any such requirements. But for most of the lenders the 6 month seasoning requirement is necessary. Contact some lenders and check out if they have any such requirements.