Posted on: 12th Feb, 2008 09:02 am
we have land that is free and clear of any liens and we want to borrow money on the land and use it as collateral. is there any way of doing this in texas besides a home equity loan?
Hi Crescenze,
Welcome to the forum.
You can use the land as collateral if you are interested to take a loan. I think you should consult with a few lenders and shop a bit for a suitable loan program of your budget.
Thanks.
Larry
Welcome to the forum.
You can use the land as collateral if you are interested to take a loan. I think you should consult with a few lenders and shop a bit for a suitable loan program of your budget.
Thanks.
Larry