Can someone tell me how collateral loans work or secured loans?
Monday, November 30th, 2009Lions asked:
I own four condo properties outright. I plan to put three units up for collateral. I need to know if there are any fees or interests attached to the loans? If so, what is the going interest rate for collateral loans? What are the kinds of fees to expect?
I own four condo properties outright. I plan to put three units up for collateral. I need to know if there are any fees or interests attached to the loans? If so, what is the going interest rate for collateral loans? What are the kinds of fees to expect?

