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Non-Cattle Specific Topics
Every Thing Else Board
Lending question
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<blockquote data-quote="Cross-7" data-source="post: 1413147" data-attributes="member: 24538"><p>I've been kicking the idea around of expanding, but nothing has come up that I really like. </p><p></p><p>So while I wait I've wondered whether I should pay off my current place and use it as collateral when I find another place </p><p>Or keep cash on hand although I'd still need to borrow 25-50% to make the purchase. </p><p></p><p>From a bankers standpoint which looks more appealing ? </p><p>Paid for land as collateral or 50% vested </p><p>Say cash and paid for land being equal value</p></blockquote><p></p>
[QUOTE="Cross-7, post: 1413147, member: 24538"] I've been kicking the idea around of expanding, but nothing has come up that I really like. So while I wait I've wondered whether I should pay off my current place and use it as collateral when I find another place Or keep cash on hand although I'd still need to borrow 25-50% to make the purchase. From a bankers standpoint which looks more appealing ? Paid for land as collateral or 50% vested Say cash and paid for land being equal value [/QUOTE]
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