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Updated about 8 years ago,

Todd Summers's profile image
Todd Summers's profile image
Todd Summers
  • Investor
  • from layton, utah
  • Member since Oct 12, 2016
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29
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13
Votes
Todd Summers's profile image
Todd Summers's profile image
Todd Summers
  • Investor
  • from layton, utah
  • Member since Oct 12, 2016
Connect
Todd Summers
  • Investor
  • layton, UT
13
Votes |
29
Posts
Creative Real Estate Financing

cross collateral

Todd Summers
  • Investor
  • layton, UT
Posted

I have a piece of land appraised one year ago for $55,000.00 we have a consolidation loan against the property in the amount of $25,000.00.  Is there any way I can use some of the equity from this as a downpayment for my primary residence. I have heard of cross collateral loans and I didn't know if this qualified as that.

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