The family had to borrow money against their house to survive.
You could either cash in the policy or borrow against it.
Thus, borrowing against a first home to finance a second may not make sense.
They can also borrow against the policies or cash them in at any point.
Should we sell our flat or borrow against it to buy a new home?
Town officials had borrowed against the $24 million three years ago in anticipation of being paid the higher amount for the land.
But many people who borrow against their homes don't need insurance to get a mortgage on good terms.
Yes, you can borrow against those gains, but new debt is not exactly found money.
They treated paper gains as real and even borrowed against them.
Given the costs, why are people allowed to borrow against their retirement accounts at all?
