@Charles Worth   The assumption that the assets rise in value is the issue.. some markets that happens other markets just trundle along and market really never moves appreciably and depending on value of collateral sometimes small mortgages can be tough to get..

Ask your lawyer and the bank about a hypothecation - it involves one party who is not the debtor on a promissory note (you and your wife) pledging property they own (your 1/2 interest in the property) as collateral for the debt of another (the parents).If you reach out to enough banks, you can probably find one willing to do a hypothecation.

Hey guys,So I've been approved for a hard money loan of 100% of the deal up to 70% ARV with 10% cash or collateral down.

It remains in the policy as collateral for a loan you receive from the insurance company.

So your LLC is not you. ... you have to remember that.Basicly you are telling the bank that YOU will pay the mortgage, but you will not have the collateral that the bank agreed to take if you default on the loan.

The collateral is a house in Suffolk (upscale, waterfront community).

Don't forget when you sell something included in the collateral that the bank must approve it or get something for reducing the collateral.

In other words, do they accept cross collateral, seller financing, 2nd position gap lenders, etc. as a form of your 30% down payment.

It won't necessarily protect you as a beneficiary... just keep them from taking your houses as collateral.

You could get a conventional mortgage and live in the property for a year and put 0-5% down or if you have property assets, you could use them as collateral on a commercial loan or line of credit or a standard HELOC.My credit is only fair and I thought I would not qualify for another HELOC because of lack of reserves and DTI but I recently found a local credit union that approved me for a commercial loan using property as collateral.