Is your Business Loan secured against your Home?
by mrhelpful, Contributor
- Created: January 20, 2010, 8:11 pm
- Updated: March 3, 2014, 9:37 am
Most start up businesses struggle with funding, leading many entrepeneur to leverage against their home mortgage to fund their business. Recent conditions however have seen foreclosures increase, and many people forced to sell their homes for less than ideal amounts. This can have a 1-2 punch effect if your business line of credit is also secured against the property and I'm trying to get a feel for how widespread this issue is.
Did you fund your business by leveraging your mortgage?
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