Ok, I have a personal question to any body willing to help…
I have a house valued (accord: Zillow at around 380,000) bought and paid for…I want to buy some land around 10 acres to go off grid, build a small cottage, I'll find something near a lake, stream, fresh water pond or near the shore(but high up, elev: 100 min)…
I don't want to sell the house, i would like to get a line of credit (any advice on who/what/where)…I'm retired but NOT collecting SS.
I could sell/rent the house to my children over 21, and use that to pay off the line of credit or just sell the house, take the money and move to a new location lot, stock and barrel, and my kids can fend for themselves(i know cruel)…
If I go with a line of credit, any suggestions or who, what or where should I go…never had a line of credit, paid cash for almost everything I own…
thanks.