real estate


Question by  Kendra (27)

What questions should I consider when using land as equity?

I want to use my land to get an equity loan.


Answer by  technogeek (6640)

If you are willing to repay the loan in order to maintain the current value of the property or take the loss if you sell the property.


Answer by  Brandon55 (1719)

The positive side of this issue is that land rarely fluctuates in value, but be careful because a bank won't hesitate to foreclose on land.


Answer by  tamarawilhite (17883)

If you need to use the land as collateral, realize that you may lose the land if you do not pay the debt. Do not use land you live on.

You have 50 words left!