step 1. Knowing the Idea of Belongings Guarantee
Land equity is a term that refers to the value of a piece of land, minus any debts or liens attached to it. Land equity can be used as collateral for securing a loan, such as a build loan or home financing. In this section, we will explore the concept of land equity and how it can benefit you as a landowner. We will also discuss some of the factors that affect land equity and how to increase it. Here are some of the topics we will cover:
1. The benefits of using land equity as collateral. Using land equity as collateral can help you get a lower interest rate, a higher loan amount, and a longer repayment period.