Posted on: 06th Aug, 2011 03:56 pm
how can you get a loan if you own property in another state? and want to use it as collateral
Welcome Guest,
You will be able to use the property as a collateral and get a loan from the lenders of that state where the property is located. However, you need to fulfill the credit and income requirements of the lender in order to qualify for the loan.
You will be able to use the property as a collateral and get a loan from the lenders of that state where the property is located. However, you need to fulfill the credit and income requirements of the lender in order to qualify for the loan.