Another option for using family collateral to acquire land is through property collateral personal line of credit (HELOC). A beneficial HELOC will bring good revolving credit line one to refreshes as you pay straight back everything obtain, enabling you to use once again to cover the genuine structure shortly after getting the residential property.

That have a beneficial HELOC, you can access a fixed credit limit, and you can obtain and you may pay financing as required in the draw period.