Many, if not most, financial institutions will be willing to lend you money with collateral. SHOP for the best rates. Stick with the banks and credit unions - stay away from the high interest ';store front'; lendersI own property free and clear, who would be the best to contact about a loan using property as collateral?
The answer depends on what you want to do with the loan and what type of property you have. Are you looking to start a business, add a room to your existing residence, fund your children's education? I know what I've listed isn't much of an answer, but there are a number of lenders and bankers who would be more than happy to loan money on your property depending on the property type. Good luck.I own property free and clear, who would be the best to contact about a loan using property as collateral?
I would contact a bank.
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