Home As Collateral

[Roc P.]

Hello everyone I was wondering what your experiences were with using your home as collateral for assistance with getting financing from a bank.

For example my current situation is that I would need $11,000 (20% down) to get financing from the bank I usually use. I'm thinking of using one of my homes as collateral to get the down payment, in order to get the financing.

Does anyone have any similar experiences with this type of situation? Thank You