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<blockquote data-quote="wbvs58" data-source="post: 1786936" data-attributes="member: 16453"><p>In my experience banks don't loan out money if there is not something tangible that they can take over to recover debt. I think the cheapest interest rate is when your primary residence is up as collateral. The greater the risk to them recovering money then the greater the interest rate they will charge to cover that increased risk.</p><p></p><p>Ken</p></blockquote><p></p>
[QUOTE="wbvs58, post: 1786936, member: 16453"] In my experience banks don't loan out money if there is not something tangible that they can take over to recover debt. I think the cheapest interest rate is when your primary residence is up as collateral. The greater the risk to them recovering money then the greater the interest rate they will charge to cover that increased risk. Ken [/QUOTE]
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